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I believe that it is only of mild interest and little relevance to compare e books and p books in terms of lending them out, reselling them and so on. It is now an entirely new thing that requires a fresh perspective without referring too much to the past.
Imagine we never had p books before, sure it takes some mental gymnastics but it is a healthy and helpful exercise. What are the requirements. Authors need to make a living, people want to read. We want to deliver the material to people so that they can read it in comfort and conveniently.
As to DRM, there could be many approaches. How about the more DRM the lower the price? Some books I delete as soon as I finish them, off the reader and off the PC. I did this with Swarm and Polaris recently. Good hard DRM and a lower price would be great for those types of books. Pay more money and get less restrictive DRM for other books you may want to hold onto. This approach works for photographic models and many images. You describe the usage and pay accordingly. Make it flexible and pay for what you need. Ownership is an illusion, it is all about usage.
Just an idea above but we do need to start looking at innovative solutions that suit us all
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