Yeah, you still lose the ability to have multiple documents scattered around the desk to compare findings etc.
And I forgot to mention that it had to be affordable. I wouldn't pay more than $150-200 for something like that since I don't mind at all working with print outs. I generally don't do that kind of work outside the office so portability isn't an issue.
And at that price it would have to be a multifunction device for me to really be interested. If it's affordable, can do all that writing stuff, and be a full web browsing, e-mail, PDA etc. I'd be MUCH more apt to use it at least occasionally for that purpose since I'd have it around for the other features.
Otherwise I'm just stuck in my ways and for my academic documents and books I like just having a print out or paper book that I can easily write on, easily flip through, etc. etc.
I know, I know. This is a site of ebook lovers.

But I'll probably never be a full convert and will likely just use them for leisure reading of stuff I'll only read once and not need to mark up, make notes on and flip through to look up stuff when writing scholarly articles.
But I'm kind of resistant to change. I've still yet to buy an MP3, despite that I do 95% or more of my listening on my mp3 players or computers. I just like having the actual CD and case.