Maybe a holdover from my library borrowing habits (borrow, read, rinse and repeat), I just buy and then download directly on the device I want to read on. Granted, I tend not to buy books unless it's something I wish to re-read or it's cheap (under $5).
I do download to PC and dump my ebooks into Calibre for DRM-free archival but I'm not religious when it comes to updating metadata nor do I use it to keep track of read/unread. I'd usually have metadata corrected prior to any conversions, though.
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