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Remember (some of us will) back in the 80s when CDs were rolling out? The music industry promised the public up and down that the price would fall once the medium took hold. Yeah, that happened.
Pricing is nothing more than what people are willing to pay, not what they should pay. I truly could see ebook pricing equaling paper pricing. People would buy/use e-readers as a convenience. I think eventually hardware pricing will fall and offer more features such as enhanced web browsing and additional bells and whistles (think PDA type functions). Once that happens the price of ebooks will be nearly the same as paper books as people will be more willing to buy a piece of hardware that is able to perform more than a handful of functions.
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