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I'm with Harry on the subject of Baen. I own all the WebScriptions that are up in full (since the very beginning), along with many of the bundles. I've drawn the line at eARCs though -- my budget just won't stretch that far.
If you're concerned about duplicates in the Webscriptions bundles, remember that each month includes at least four books never before in bits. If there are too many paperback re-issues of stuff that was already in Webscriptions when published in hardcover, they digitize something pre-2000 and use it to fill out that never-before-in-bits number.
I've come to value the Webscriptions bundles for getting me to try books that I would not have purchased on their own. A few discoveries made that way include Eric Flint, Ryk Spoor, John Ringo... And they are the class act of the eBook industry, so I really want to encourage them.
Xenophon
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