I wish they'd give the option too. Locations and file management are the only two areas on which I felt like I was making a sacrifice when I decided on Kindle.
The search is ok for finding a known string in the Kindle. The trouble is going in the other direction; locations are no help in directing someone to a place in a pbook.
Calculating pages based on averages is something processors were made to do for us, so it would be nice if they at least did that, but even then, that calculation is only helpful for books of simple, linear text. It doesn't work for books with many linked or other formatted sections that throw everything off too much to be any use.
A ratio of screens views to paper pages is always going to be more dependable and easier to calculate than a ratio of bytes to paper.
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