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I certainly hoped that ebooks would be cheaper. Of course there are cheaper ebooks (like mine) but they aren't the bestsellers from big publishing houses.
As the price of ereaders goes down, I think we'll see more downward pressure on the price of ebooks simply because ereading won't be a pasttime limited to those who could afford a $250-400 device.
I have a love/hate relationship with the evolution of our media. I loved the square-foot album covers from vinyl albums and laser discs and hated to see them shrink when CDs and DVDs arrived. I love book covers, too, and fondly remember the Frank Frazetta and James Bama covers that got me into Conan and Doc Savage. Now book covers have to work at postage stamp size!
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