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Will the seller be able to read the books that he/she originally purchased once they're sold with the device? If no, then it is OK. If yes, then is is wrong and the authors and publishers lose, however both the buyer and seller gain.
This brings up another question. If your friend gives you a book that he has paid for and you share the same licence, would you still accept it or would you go and buy your own copy? I certainly would not buy another copy unless I absolutely needed it. There is the absolutely right thing to do and then there's the real world thing to do.
As a follow-up, would you buy your kids their own digital copies of books or have them share one licence? eBooks are a new thing, an there are many questions that will come up in the future, but cheaper and quicker are the real world solutions, no matter what authors and publishers wish.
We're certainly seeing these licencing issues with library books. As some may have read my opinion on this, I am all for giving kids resources through the library. If a kid has to wait for an eBook to be returned (an eBook, not physical book!) then there is certainly something wrong and they will absolutely turn to BitTorrent and other electronic sources to get these free resources from the Internet instead of the library.
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