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I'm having this same quandry at the moment. I want to buy a Sony ereader, but I have a lot of older ebooks in Mobi format (not purchased from the Mobi site, but elsewhere). I'm assuming this means that I will not be able to read my Mobi-formatted books on the Sony ereader - true?
Since I started out reading ebooks on my various Palm devices, I picked Mobi as my format of choice for a while. It's a pain though since I'm on a Mac. Now I've gone to HTML format, where available, only because I'm hoping that it's more flexible in allowing me to format it for whatever reader I happen to have at the moment. It's the only way I can figure to have that flexibility, at least so far. I'm sure there are gotchas I just haven't discovered yet.
I can understand vendors not wanting people to sell ebooks second-hand, but I should be able to read a book on more than one device! That reminds me of the Middle Ages when books were chained to the library. You could read a book anywhere you wanted as long as it was within two feet of that bolt in the wall. Yeesh. How far we've come.
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