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I was going to mention that I'm also in NYC, so like Dennis, my view doesn't scale to other areas well. One of the things that I like about B&N's approach to the nook is trying to add in-store features. It's an attempt to address the community-based nature of bookstores with the near-impossible task of stocking everything (or being able to afford the square footage to do so).
I know some publishers are exploring ways to combine products, where one price gets you both the p-book and the e-book, assuming that there is a large enough market with "hybrid tastes" (like me) who are not exclusively p- or e-. The customer gets the e-book immediately and the p-book shipped either to the store or home in a timely fashion. You can stock everything in e-, some things in p-, reduce the square footage, and still build on readings, signings, and other events.
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