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You know what bothers me the most about this little stunt of Penguin's? It helps to reinforce the idea that ebooks are easily taken away if a large company arbitrarily changes its mind about something. That makes people nervous...
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I don't see this as ebook specific.
Look at the big HP touchpad blowout. Sure they gave people who had purchased before rebates, although I understand that many did not get them.
But someone purchasing a $599 tablet in July to find it discontinued and possibly unsupported in November from a reputable company like HP. Gotta hurt even if you did get a rebate.
But you bring an interesting point to mind. How does library availability work with paper books.
I have never heard of a paper book being unavailable for the library to buy and lend if they wished to do so.
It seems that is not so with ebooks? Should make for an interesting legal case one of these days.
Helen