I quote myself, from another thread:
I personally do not see lack of ePub support as a problem, giving the case I don't read fiction or novels (at least not much) but IT books; most IT books are only found at Amazon or O'reilly, so the ePub format is irrelevant to me.
I had a Nook 1st gen and even when it's an ok device, I was not able to find my IT books directly from B&N. In order to avoid the extra step of breaking DRM, converting, etc, I decided to buy a Kindle instead and can't be happier. I don't visit public libraries, don't miss that and don't need it, so ePub means nothing to me. Of course, that could be totally different for other users; that's why I usually suggest avoid the "format fixation syndrome" and validate the reader purchase based on the kind of books you like and are willing to buy or lend.
I am more concerned with the DRM stuff than the ePub vs azw thing. Without DRM protection most users could buy from any store without being worried about formats at all, Calibre does the conversion in 60s.
Buying an ebook should be a free decision, and the DRM protection, in my opinion, goes against that.
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