Hi,
It is not quite fresh (early may) news but since no one seems to have posted this, Embiid is closing down (
http://www.sfsite.com/columns/news01.htm). They do not have an official announcement on their site, just in their forums but it seems to come from the site owner.
I post this because they represent an example of how by offering drm'ed ebooks that can be read only on a pc/mac (but not on Ebookwise or Nokia, and the embiid format is so obscure that in the words of someone who studies closely the ebook scene, "nobody bothered to hack it") everyone directly involved loses (me as a reader,the author, the publisher).
Concretly, a 3bk series published there and in print sounded interesting, so a while ago I purchased the first book from Embiid (that was in the times I still believed I could read fiction consistently on the pc) for ~5$.
I liked it enough to read about 1/3 on my pc and to be interested to read it and the other 2 volumes, but since I cannot read it on my ereaders, I got the other two books in print as used books (new were not available) for ~8$ each total cost. Since these days my reading time is 10:1 e to print, they joined a long queue of books I like to read ( to be fair I have a lot of ebooks I want to read also in my queue, but if they were e I would probably at least started them). So I pay more (16 versus 10) and it's unclear when I will read them, the author and publisher got zero, 0, zip, only the sellers, Amazon as the used book store and the post office gain. And now the ebook publisher bites the dust. Way to go for drmed books!!
Liviu