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Kobo is a separate company, and does not seem in immediate danger of going out of business. However, the history of ebooks indicate that all companies and all ebook formats will end up screwing the buying public if you give them long enough. The safest approach is therefore to strip the DRM (encryption) from all ebooks as soon as you buy them. This is most likely legal in the US (for ebooks you buy, and for your own use only). See Apprentice Alf's Blog for more info on DRM issues.
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