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People, it isn't that hard to replace the e-ink screens. (And yes, ProfCrash, I *get* that Amazon, Bookeen and the rest just swap a refurbished unit for the incoming broken one. But *THEN* they send those back to the OEM manufacturer to *get* them refurbished!)
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Amazon has told people whose Kindle's broke outside of warranty that they can buy a similar unit at a cheaper price but that there is no place to repair a Kindle. I have no idea if the rest of the Kindle can be reused but I doubt that Amazon is doing that. If it was that easy then why wouldn't Amazon tell people with broken screens that they can get a new screen swapped in for X dollars?
I get the feeling that what B&N is trying to prevent is people buying broken goods and then trying to make a profit by getting a refurbished or new product and selling it when they get the replacement. So now you know. You spent $40 on a broken Nook that you cannot get replaced for a product that could be resold at a higher price point. Stick to buy broken Kindles and other E-book readers that you know they will replace them.
I am trying to figure out why someone would buy 5 broken Kindles on Ebay and then get them replaced if not for resale or an effort to get a Kindle for $40. More power to you if you can pull that off, and it sounds as if you have. Personally, I think B&N practice makes sense.