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I think a lot of people are rationalizing away some of the drawbacks here. No DRM Mobi support. No reading Amazon titles on other readers. No PDF support. No self conversions. Completely locked system.
If a real drawback to the furthering of ebooks as a viable alternative is the "Tower of Ebable", then I do not see how the initial incarnation of the Kindle can be seen as anything besides a disaster. Saying that DRM lock down does not matter to the average uniformed Joe is missing the point. DRM is bad for customers whether they initially feel it or not.
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