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In the end, I'm not so sure that it is going to matter very much. Amazon wanted to keep the price for bestsellers at $9.99 in order to attract market share for their "new" eReaders, but now that consumers have gotten used to paying more than $9.99 I don't see prices going back down.
The agency model might get jettisoned, but I bet higher prices are here to stay. Unfortunately, if Amazon tries deeply discounting ebook versions then I think we can also expect to see the publishers not releasing an ebook version until months after releasing the hardback. However, if Amazon does get to buy and sell under the old model then we probably won't see ebooks costing more than paperbacks like sometimes occurs now.
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