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Another vote for academic papers. Every paper on arXiv is available as a pdf, and most journals have pdf's of their papers. For graduate level classes, we often use papers as texts (instead of textbooks); it's nice to have access to the three or four papers relevant to today's lecture. Similarly for meetings- and it's particularly nice to have the library for when someone brings up that paper that we discussed two months ago, the paper copy of which is lost on my desk and that I remember nothing about.
As for converting, well, at least Amazon's conversion service butchers math equations- they're all hopelessly wrong. Also, even if the math equations weren't butchered, you lose the page numbers, which can make meetings more difficult. (On the top of the third page, the author makes the small mixing angle approximation...does anyone see how this actually changes his equations? Wait, can you give me a sentence at the top of page 3 so I can find it?)
That's why I care, at least. However, I agree that you absolutely need a large screen ereader- I can't imagine trying to read one on the small kindle/nook/etc.- and better support (TOC!) would make my life much nicer.
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