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Shame really, it was one of my preffered formats, but then I think we knew the writing was on the wall for it a long time ago.
One of the things I liked about it was the ease of converting it, I know that Calibre would create an epub for me that matched the original content of the LIT. A well-formatted LIT would make a well-formatted epub which needed a minimum of tweeking afterwards. Not something I could say about some other formats (I'm looking at you PDF).
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