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There's a limit to how many functions I want any single device to do. The problem with having a "one device does it ALL" sort of item is, when the battery goes dead, and you are out in the middle of nowhere without a charger, then you have access to nothing!!
Same thing in my office .... I keep multifunction devices or a minimum, or I have more than one of the suckers. I don't want the printer going down to mean I also can't scan and can't fax .... you get the idea.
Same with the phone. Assuming battery life is going to be seriously diminished using the iPhone to read, I don't want to be stuck somewhere without something to read. In addition, I don't want to be stuck without a phone because I ran down the battery reading.
Devices are becoming small enough and/or light enough, that it no longer bothers me that I carry more than one device with me. I pop my iPod, phone and Kindle in my small pack and .... it still weighs close to nothing.
So, for me at least, the iPhone having a reader will not make me even think about putting my Kindle on eBay. Not even tempted, actually.
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