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If I buy it, am I just buying the right to read it now? i.e. If I want a hardcover or a paperback version of the book, I'd need to go out and buy another set when it comes out?
Yes, you are not purchasing a hard-copy, but a digital copy.
However, the ebooks arent encrypted, are available in several formats ( including html, rtf, and other)
Figure its about ten bucks cheaper than hardcovers nowadays.
Since I work and play at a computer I dont have any problem reading them from one.
For christmas, I even got my father an ebook reader with a hard-cover sized display thats both in-color, and backlit. reb1200, I think its called.
It cost me about 400$, but I bought a 20$ memory card for it and have so far fit about 50+ full novels on it and its just reaching 75% full. It even has a *ethernet* jack on it you can use to upload books to it.
They are a little more expensive now, but as much use as my family has gotten out of it, Id still consider it a worthwhile investment. I mean, how many paperbacks have search capability and adjustable font sizes?