I got my first Kindle, a K1, in May of 2008, and haven't read a paper novel since. My eyes aren't the greatest (in fact, I'm blind in the right one, due to an aneurysm), so being able to i crease the font size is perfect.
I tend to buy way more books than I did before, because of the ease of finding something new to read on Amazon. I used to go to the bookstore every 2 or 3 weeks, so I reread a lot more, just to have something to read.
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