Wishfull thinking my friend... whisfull thinking.
As long as there are different formats with no standard, thats how it's going to be. Not too mention the thrice-damned DRM! I bought the damn thing, right, I can do with it whatever I want apart from giving it away to someone else. So lay of that already will ya?
But It sure would be nice to have one MEGA-application that will support ALL formats, DRMed or not, could convert perfectly from any format to any other AND that could handle all present and future e-readers .... Oh, and while I am at it, I'd really like to win the lottery as well