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It seems evident from what I've read (I went through some of the Partners material, which was verbose and not as clear as I would have liked) that books will be both downloadable as from any bookstore, and also readable from the web. They already have almost all of my publisher-issued ebooks in the store, but I'm going to hold off a bit on trying to get my self-reissued books on there, until things shake out a little bit.
Not clear to me what they'll offer that other stores don't, but more competition for Amazon doesn't seem like a bad thing.
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