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It's interesting idea, but would it be able read any DRM'ed files? Probably not for a $5 price. Which brings up the question, "If I have Calibre or something similar, do I really need the app you are considering?
I mean, I can convert all my non DRM'ed files with it before I load to my reader anyway, so is there any advantage to what you offer compared to what already exists?
I think you need to offer something 'extra'. Not sure what that 'extra' would be, but I'm pretty sure the ability to read unconverted files isn't it.
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