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That's an interesting thought. Isn't the whole point of the Agency Model that the distributer is just an agent for the Publisher? In that case, the Publisher should be required to honor a different format of the same book, provided that you can provide proof that you purchased it, and that you deleted it from your Kindle Library...
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There is precedent for this. B&N will deliver ePub or pdb files, depending on what the reading system supports. And when Overdrive & Amazon add azw support, libraries will not have to pay for making the additional format available.