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For OverDrive, they'll make their app which you have to use already, be the central point and it will in the background take care of mobi, epub or pdf, you just won't be able to tell, maybe features will be different, but it's not truly agnostic because you need their app to run it on your device.
Reasoning for PDF, many pubs have their titles in PDF and many of the systems for public libraries for eBooks run on pdf, ePub and mobi have only really taken off in the past couple of years. PDF isn't a true eBook since it lacks the reflowing abilities, it's a solution because the aggregators that libraries, all libraries work with work in pdf, only now are a small amount of true epub or mobi formats flowing into libraries.
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