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As far as I am concerned, Steve Jordan is spot on in definition.
Moreover, he is absolutely correct that the Amzon case is one of simply low prices, not micro-cash.
Minuscule amounts may never be applicable to ebooks, but it is not hard to imagine selling short stories, book review emagazines and such like for fractions of a cent.
Likewise, historical pictures and illustrations.
More importantly, we could see shifts in copyright payments on the net, where individual works, illustrations etc.,. could be paid directly to an author's account as items are sold. This could well work out to very small fractions of a cent on low priced items.
Micro-cash is for me the oil for the cogs of ecommerce, something we need in order that authors, publishers and editors are paid for their work in a market place where reproduction is virtually free and potentially where the market, for all sorts of electronic goods and services, might, in the near future, be counted in billions.
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