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I think there's several good reasons to prefer paper over kindle:
1. You can't sell Kindle books (do you technically even own a Kindle book or is it on license or something?)
2. You can't lend Kindle books without breaking DRM (it's not technically lending even then)
3. You can't easily jump from part to part in a book (although this point is balanced by the ability to search for things and add bookmarks)
4. Typography on the Kindle is passable at best, not great.
5. Kindle books aren't as cheap as they should be, considering how much production cost it saves publishers.
6. Kindle books are still regionally locked due to publisher's rights. Not a big deal for a U.S. region reader, but international readers aren't so lucky. Yes, you can bypass this, but it still sucks it is necessary. Not really Amazon's fault though. With a physical book, you can have it imported, though at a cost.
7. Despite being user friendly, there is still a bit of a technological hurdle for some.
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