Myself, I'm trying to get my books back down to one room. I estimate that I need to replace another thousand or so pbooks with ebook equivalents. I only buy DRM-free ebooks from baen and Fictionwise at present; I certainly wouldn't regard a DRMed book as 'owned'.
I thought this thread would be about how to dispose of your p-books - I have been getting depressingly low prices for old SF on ebay (not to mention the hassle), and the local dealers won't touch the hardbacks.
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