I get that it’s probably technically possible to bypass

Not exactly a bypass it’s more so destruction of property (your own property might I add, since there’s no clause that says you have to return it to the company at some point)

it’d actually be illegal to bypass and almost nobody would do it.

Yeah we’re definitely not at the point in time yet where it is illegal to vandalize your own things, hacking in some places, but vandalism of your own property not so much (exceptions only for rentals or leases, which TVs aren’t since you never need to return them).