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The relative cost does depend on whether you keep p-books or not. I always keep mine, so that fact that ebooks are not resellable isn't an issue for me. Until recently reselling paperback books did not save much money for the effort involved, but that has probably changed now because of Internet selling.
I never buy hardback books, because they take up too much room. So before switching to ebooks, I never bought new releases until they came out in paperback. I now do buy recent releases as ebooks, although I still sometimes baulk at the cost.
By the way, the only exception to my never buy hardback rule was: "The Rediscovery of Man: The Complete Short Science Fiction of Cordwainer Smith". Much of Cordwainer Smith's work is now available as ebooks from Baen's webscription.net.
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