This is an interesting question. My local library uses Overdrive and it's bloody annoying that I can't borrow books. If I could read them on my iPad (if it invovled stripping out the DRM) I would - and then delete it after two weeks. But that is not possible, I don't think.
I wish Overdrive would support iPad. I emailed them and they said they had no plans to. It's crazy that iPad and Kindle (the two biggest ereaders) cannot access my local library books.
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