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In a way, it may improve the webscription model. You get a bundle for a good discount for a short period of time. More reasons to hit the trigger on bundles you like the look of and since you've now bought it rather than put it off for another month, chances are you'll read it soon and find some new authors.
I'm glad they've worked out a way to keep the free library going with 1st/2nd editions. The free library is for me a great way to try new authors without any cost/risk. Reading a 1st edition or in reality the full story but with some extra bonus content missing, suits that need and in fact, if i really enjoy a book it may even give me an incentive to purchase a copy which I wouldn't otherwise have done (I'd usually only buy the follow on books since I've got the first for free).
Only thing I'm not happy about it the price hike. I won't be buying any baen books until they reach mass paper back levels and generally after waiting that long for a book and losing the hype that comes with new releases I'll probably just wait longer for sales of those books or other amazon books and get some bargains instead.
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