I have been using eReader since 2004 (when it was called "Palm Digital Media"). I have purchased eReader format books from eReader.com, Fictionwise.com, BooksOnBoard.com, and SimonSays.com. They all work on my eReader program.
So unless the B&N program is only for the new ePub formatted eReader books (which I think we would have heard about), you should be able to read any eReader formatted books on it.
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