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I don't see it as an either-or. There are some books I don't care to own, and will continue to borrow from the library. And it's already been said that not all books are well suited to the ebook format. However, I love my ereader, and have no regrets.
As for the beauty of books, for me that's in the words (especially concerning fiction). A good read will be a good read whether it's printed on paper or delivered wirelessly to my device. The reverse of course, is also true.
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