I have to say that here in the UK, Borders was a life line for me.
I spent hour and hours in my local Borders (In Brighton), and ended up spending a bloody fortune in books, as I wanted to finish the book as the store was closing

.
And at that time the only alternative was the local Waterstones, which while large, did not have an as large SF and Fantasy collection. and forget about Graphic Novels.
Waterstone's has improved a lot since then, possibly in reflection to its competition, but Borders was my favourite, and was I depressed when I shifted to a town which did not have a store.
But as previous posters have suggested, it would be cool if Borders got into the E-book game. And while Sony may seem a logical partner, due to their past relationship, I would like it more if they had a more open device that supported something like Mobipocket.