I don't know when it will be released, but Overdrive is supposed to be working on an integrated app that will allow you to purchase, download, and read ebooks directly to mobile devices. It'll be released for Androids first, but they're also planning an iPhone app. The app would also let you download ebooks & audio books borrowed from libraries.
Since libraries use Adobe ADE for lending, I'm hoping the Overdrive app will work with any epub that works with Adobe ADE, including epubs purchased for Sony Readers.
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