You can manage your collection with Calibre (and at least used to auto-strip DRM in the process) without jailbreaking, I did that with the Kindle Keyboard many years ago.
The only thing I remember about jailbreaking, was being able to use custom screensavers and fonts.
I didn't have any issues removing drm from my purchased amazon books as of a few months ago using the latest version of calibre released at the time and the latest version of the kindle for windows app.
The only thing I remember about jailbreaking, was being able to use custom screensavers and fonts.