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Sorry to be blunt towards somebody's brainwave, but NO. Just no.
As many other have said on this thread, my books are my own to enjoy while I read them. In fact, the idea of suddenly having highlights from "friends" popping up while I'm reading a fascinating novel is enough to give me nightmares!
Of course, I still enjoy having spirited discussions about books.
But there are already plenty of available mechanisms for that, such as fan sites, forums - or even *gasp* face-to-face discussions over a beer! No need to "modernize" this with yet another "closed", over-hyped social media mechanism.
Having said all that, I could definitely see value in something like this for nonfiction, such as sharing annotated textbooks. I bet that the academic publishing industry would go absolutely ape over such an idea though!
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