The Agency pricing situation turned my e-reading on its head. Before April, I read on an iPhone, and purchased all my eReader format books. Since April, I'm reading on (various) e-Ink devices, and my books are 99% borrowed from two OverDrive libraries. I used eNYPL for a few years, until I switched from Palm to iPhone in '09. In the meantime, I had no idea my local library had signed up with OverDrive, and they have a pretty robust collection, particularly of non-fiction. Which is great, because eNYPL is getting lots of traffic compared to 2 year ago - most books I'm interested in have hold lists of 40+ patrons, and they focus more on Mobi and PDF formats.
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Unfortunately, you get locked out even if you check out a book and decide in 5 minutes you don't want to read it (kind of what you might do in a real library, skimming the book, although you can do it without checking it out). I have been locked out a couple times - you cannot check out a new book or return a book. It only lasts about 48 hours. Now, I try not to return a book early unless I have one come up on my hold list.
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This is true, but my lock out usually only lasts a few hours. By the end of the day or the next morning, I can borrow again. I tend to borrow on Saturdays, and I've set my default to 7 day checkout, and fill up most of my queue of 20, and then return them the following Saturday before I do more checkouts. I read about 1/3 of what I checkout, since some book blurbs sound better than the book. I can't skim the first chapter before checkout, I've built a huge wish list and just grab from there. Since I have some items on request, when I get the availability email I make sure to return 2-3 items so I always have room on my queue for a few more.
I've read 47 (whole) library books in 4 months, and skimmed at least 2x that, so Thank You Agency 5