I've already voted and noted my vote, but I wanted to add that - imo - any format that wants to be accepted as a de facto standard should offer dictionary support. For many folks, reading includes looking up a word to discover its meaning, whether it's a completely unknown word, or a word used in an unusual context.
I am a native speaker of English, I read (and have read) a great number of books in wide-ranging subjects, fiction and non-fiction, and I know a lot of words - but English is so vast I can never know them all, nor can I know all the nuanced meanings of every word. This is especially true when reading older works (say 17th and 18th books) where words themselves have changed meaning.
The ability to look up a word is a part of reading for me and it would be great if the 'standard' format included that feature for e-reading as well. Granted, I am not expecting the OED on my ebook reader any time soon (that would be sweet, though!) but the ability to do a quick look up would add a great deal to my reading experience.
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