Let's see:
$300 (reader) + $9.99 and up per title (e-book) - fragile - electronic - can't resell - can't borrow/loan = FAIL
versus
$0.00 (reader) + $4.50 and up per title (paperback) + works everywhere + won't break + can resell + can borrow/loan = WIN!
Not interested. Not even a little.
Frighteningly enough I agree. E-books will not replace my books and as I said earlier I have not paid for any e-books or even my "reader".
My view is that I already have the iPhone (or PDA) for other reasons so a free reader and free books is a pretty nice use of something I already have. Equally important I can travel for a couple of weeks without carting around several large heavy books. Or worse (since I re-read books) buying and disposing of books as I go.
I much prefer reading paper books but the convenience factor is pretty darned high for the iPhone (or other PDA) since it is something that will be with you most of the time anyway.
- Eric