I'm with Steve Jordan and the others, I read ebooks on my Palms (various models) for years and was happy to be able to do so. My iPhone is a splendid little device - I use it a lot even though I don't actually phone people very often. I can easily see myself reading an ebook on it. The mechanics of page turning tend to 'disappear' for me once I'm engrossed in a book, so I don't think that would interfere at all.
I do have a Sony Reader but don't always take it with me for regular errands. I always have my iPhone with me, so the ability to read on it would be a big plus, imo.
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