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I think price is a red herring. The price of e-books is generally just fine, I believe. A newly published e-book is generally significantly less costly than its newly published hardback counterpart. When that same book is published in paperback, the e-book price generally drops as well. I don't have any problem with that price structure. I think the value of an e-book and a paperback are roughly equivalent; each has benefits and drawbacks.
DRM is a separate issue.
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