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1. You can print some of the material but only after you have moved the material you want to print over to your computer. Most DRM files can not be printed.
2. You can't send the e-books purchased from a store to your friend. They are encoded to work only on the computer(s) and/or the sony reader device(s) you have registered to your account. At least, that's the way it works for the Sony store. Files from other bookstores, where the files aren't linked to specific devices, can simply be e-mailed to your friend. Remember, however, that when you purchase those files part of the purchase agreement is that you won't share those files with others, since those extra copies won't have been paid for.
3. I checked out that site and it's not clear if the Adobe e-book format is the new format which has been discussed or if it's simply a PDF file. If it is the new e-book format, you can't read that on the Sony Reader and to the best of my knowledge so far there isn't any conversion possible. You would need to buy the Microsoft .lit format and follow the procedures outlined elsewhere to remove the DRM and then use libprs500 to convert to .lrf format.
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