Wow...that was a bunch of reading. I googled the topic and found a great thread right here in MR!! (I should have searched here in the first place).
Thread (Starts to get good around the bottom of page 3)
Lots of arguments in both directions...HarryT had a link to a legal site that had one individual very vociferous about saying case law did NOT allow copying...but someone else showed later appeals of those cases DID allow it.
One question I wasn't certain was finalized was a question I brought up here: Do I have to perform the work myself or can someone else do it for me? I think the answer is "depends"... If I understood correctly: UK law requires an individual to do it himself, but US law allows the individual - or their legal extension ( a company ) to do the copying. If 1dollarscan is operating in the US then I would have to assume that it is legal.
The million dollar question: What rights do I have as an individual if I DO format shift (assuming it's legal)? Do the rights of the pbook (lending/donating) still apply, or do those rights revert to the ebook "license"??
I have the feeling that is too far off topic for this thread...so I'll ask it over there...just thought I would post what I found...
Cheers!