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I've always felt that hardcovers were just a means to charge extra for those people that want a book as soon as possible. Big name books always come out 6-9 months earlier in hardback than they do in paperback. So if you just have to read it now, then you buy the hardcover.
I'm a cheap so-and-so, and I think the only time I've ever bought a hardcover has been months after the paperback came out and the store was dumping them for less than then paperback price. My "To be read" pile has always been big enough to get me through the wait.
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