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Oprah has been a fan of ebooks forever. I remember many years ago (in tech years eons ago ;-) ) she was all gaga over the Rocket (I think that's what it was called, from RCA?) I don't watch Oprah much, maybe once a year, but I'd bet she has featured most of the main ebook players over the years.
The 125,000 books mentioned is in reference to the number of titles available on the Kindle store at Amazon. That number is actually over 140,000 now. Of course we all know Amazon is only one source of books as this site is a great example of an alternate source. So yes you can access way more than than 140,000 books right from a Kindle if you're in a Sprint cell coverage area. You don't need them to be physically on the device to have access to them.
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