I buy books there for sure. But I end up buying most books from kindle store because I buy mostly indie authors and it's better for their rankings to have sales at kindle or B&N.
As for quality of titles, no question, Smashwords has attracted some garbage. I suspect Amazon has almost as many bad books, but you don't see them because Amazon's lists wind up filtering most of it. Smashwords I don't think has enough direct sales yet for that to be effective. At this point, I imagine Mark's biggest focus is on forming the distribution agreements and getting his setup process tuned towards that end. certainly there are many ways the reader experience on Smashwords itself could be improved.
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