Doesn't look good for the iphone app...
http://ebookstore.sony.com/rme/?sf1023337=1
"Unfortunately, with little notice, Apple changed the way it enforces its rules and this will prevent the current version of the Reader™ for iPhoneŽ from being available in the app store. We opened a dialog with Apple to see if we can come up with an equitable resolution but reached an impasse at this time. We’re exploring other avenues to bring the Reader experience to Apple mobile devices. We know that many of you are eagerly awaiting the application and we appreciate your continued patience."
Also:
http://www.nytimes.com/2011/02/01/te...pple.html?_r=2
and:
http://www.engadget.com/2011/02/01/a...ing-content-f/