I would say, good idea, and I bet your aren't the first or 10th person to do it. Personally, I have never liked paperback books, and have only kept them if they were reference books. Like you, I prefer reading on an ereader, but I still love hard cover books. I have also bought hard cover copies of books I have especially loved.
That being said, I have a one wall in my study, that's all book shelving. If there ever comes a day when it looks cluttered, or over crowded, I will thin it out, but for now, I like looking at them, and they add to the character of the room.
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