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I'm waiting for the Kobo projection reader: a wrist device that will project paginated text onto any surface, sensing the color of said surface and projecting text in a suitably contrasting color. Display your book on a wall, on the back of the seat in front of you, on the back of someone's head, turn your windshield into a heads-up display reader (not advised), etc.
DRM will be handled via bluetooth to a special ring (suddenly DRM becomes cool because: 1. bluetooth is always cool, and 2. it's a secret decoder ring!).
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