The truth probably lies somewhere in between. I tend to be optimistic about the future of e-books and the Kindle. People who actually own Kindles love them (me being one of them). And it has the force of Amazon.com behind it.
I don't think many of the analysts have actually tried the device. The new e-ink devices are far better than trying to read on a Palm device or LCD or CRT. They need to try it out. I don't think they will get their heads around the concept otherwise.
And please quit saying that the Kindle is ugly. It does not photograph well, but in person it is not really a bad looking device. I have a 2nd generation iPod and it looks better than that.
