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I think it is a wash overall. But with that said, the Kindle owner might have a price advantage on ebooks if they read lots of bestsellers both fiction and non-fiction. This is because of Amazon's ability to discount top selling titles.
But if you don't read a lot of bestsellers then I think it is pretty close because the Cybook lets you shop around more at all ebooksellers that sell secure (and non-secure) Mobipocket format for best price.
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