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Until I got my ebook reader, the only fiction books I bought in hardback were the Harry Potter books (yeah, sorry) and a few Baen novels. Now, Baen will cheerfully sell me ebooks of those new novels, and I will equally cheerfully buy them (and way too much else, but that's a totally different problem). My total expenditure with Baen has increased significantly, and my expenditure with other publishers has dropped accordingly.
As for the rest of what fills up my ebook reader, there's Project Gutenberg (and MobileRead, Manybooks, Feedbooks, etc.). I have at least a decade worth of books from there to read, if not more. They're good books, and range from classics I've never read to ones such as Ivanhoe that I've been re-reading since childhood (nobody told me it was supposed to be boring, y'see, and when I found a book with knights and battles and Robin Hood how could I not fall in love?).
Aside from that, I've been buying things that interest me off of Smashwords ... sure, some aren't ready for prime time, but neither are some of the books I've bought between covers, and I waste less money that way ... plus other indie publishers, authors' websites (Barbara Hambly sold me a wonderful Antryg story), and of course interesting books I find in the "promote your book" section here on MR. The fact that I can't (because I won't buy a DRM-locked ebook) buy the hottest bestsellers or latest celebrity tell-alls doesn't bother me in the slightest. There is more to read than I could manage in a single human lifetime, so it's a matter of choosing what not if.
I have a Sony 505. I love it. I intend to keep it until it falls apart, and then hunt for another like it. I don't like touch screens, as I tend to read while doing (or eating) things which are bad for them. My 505 does everything I need -- which started out, as I've said, as being a way of reading Project Gutenberg in bed.
So I'm not too worried about waiting out anything. The entire publishing industry could vanish tomorrow and I'd probably not notice.
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