The novelist Susan Hill (author of The Woman in Black and the Simon Serailler series of detective novels) began to notice that her house was awash with books. She decided not to buy any new ones for a year; using the time to re-read her favourites and to catch up with her extensive stash.
She has written about her experience in a book called, "Howards End Is On The Landing: A Year of Reading From Home."
There's an interview with her on the BBC Radio 4 programme, "Front Row."
http://www.bbc.co.uk/programmes/b00mzzsq#synopsis
(Available for the next seven days only.)
Oddly enough, Ms Hill isn't fond of electronic reading and feels that her books are often sold because of their covers, so ebooks won't be so attractive. But she agrees that her publishers find them useful for reading manuscripts. She also feels that reading online reduces a person's concentration span dramatically.