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no they don't just die. some have user replaceable batteries (nook), others allow you to send it in (kindle, iPad). and others you can DIY unofficially.
you have hit in one of my big pet peeves. still can't believe 100 dollar devices are virtually considered disposable by their makers, and that we consumers accept it. I expect anything I pay $100 for to still work in 5 years, even if it is out of date.
Though there are ways to replace batteries on almost all of them, it is not cheap or easy for most and the assumption is you'll buy a new one
as for the books, back them up (and I recommend stripping the DRM)
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