Technically with software it all come down to the license. If the software has 100 features and you only bought a license to use 1 of them, then you hack it or use an illegal keygen to unlock the remaining 99 you are using unlicensed software. In the UK this would be a civil offence and it's very unlikely anything would come of it for an individual basis.
Copyright law only covers copying and public performance. The copying bit is relatively clear; what public performance means in terms of software is none too clear.
It's hard to see how unlocking features involves either copying or public performance, though. Meanwhile patents, although probably not involved here anyway, only pertain to commercial usage of innovations.
As for computer software, it's obvious that many of the usage restrictions imposed by vendors such as Microsoft
far exceed their remit under copyright. Their supporting argument for this, is that you had to agree to a EULA when you installed or first used the software. The difficulty there is proof that you did actually agree to it. In many cases it is possible to build a 'sysprepped' image of software which installs automatically without asking any questions at all. Since there is no way of telling if that was how it was installed, it cannot be assumed that you did in fact agree to the EULA.
The lowdown here is that most of this stuff has never been tested at court, and the reason it hasn't is that most businesses just aren't prepared to go through the process of a possibly lengthy and expensive court case. It is rather a worrying situation, and you have to ask yourself how different these sorts of tactics are from piracy. If people are been intimidated into complying with restrictions which have no basis in law, then that
is piracy by any other name.
Sooner or later it's bound to happen though, and when it does it could be a legal bombshell for the software giants. In most jurisdictions only one test case is needed to set a precedent. For example, they would have to present a case as to why, for example, copyright law allows them to restrict the number of people who log on to a server. Or, why an OEM computer owner can replace the HD, which contains the copyrighted software, but cannot replace the motherboard, which does not. If they cannot satisfy a judge (or more likely a panel of judges) that this makes sense, then all such restrictions which do not involve 'copying or public performance' would have to be removed.
I suspect that if the likelihood of such a case arose, the vendor in question would just back down rather than risk being ruled against, because that would be an unmitigated disaster for their business model. Imagine if a 10,000-user site only had to buy a copy of Windows Server for each server, to be legitimate?