Definitely shorter for the ebook -- as I mentioned 1 or 2 holds (per copy) for even a reasonably popular ebook vs. waits of months for print copies! Bear in mind that Kindle-only folks are Out-of-Luck here, which lessens the hold queue. When I see folks with nooks or Sonys around town I often ask "Do you download library books?" and most reply "Yes!" Actually, the other day I got out a somewhat bulky new book, and thought, "I wonder if the library has this as a download instead?" - I had the PDF edition checked out later that day, and the print book ready to return unread on my next SPL visit.
I think I'm not the only one who jumps on the Overdrive list by "date added to system" to see what's new.
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