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perhaps another argument may be (if not already mentioned):
How long will the file extensions be valid?
look at all the books created for cellphones and PDA's.
Apart from reconverting you can't really use them on a modern ebook reader like the kindle or Sony,
And who says 2 to 3 years from now when color and higher resolution devices are been made, not another incompatible with today's format will appear?
Who says that Sony will want to stay with LRX,or kindle with prc (or whatever they use)?
this might also be a reason as to why ebooks are not really accepted.
There's PDF and TXT as the only 2 reasonable stable storage containers for books.
Both of them are a bit incompatible with ebook readers.
Perhaps once ebook readers will read compressed html 4 , they will gain more respect with the downloaders (since html is read- and editable on a computer,pda and cellphone by the end user).
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