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"I don't have my USB cable handy so I cannot try moving with ADE. Is that going to work, and if so, why?"
Yes - the license needs to transfer as well as the book; email, dropbox etc can't do this only ADE. If you download with Overdrive you can only read it in Overdrive on the LCD, likewise if you transfer it with ADE you can only open it in Reader.
And yes, the eink supports live links, email addresses too.
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