What Charlie said, basically. Eventually, all the publishers will have ebook production incorporated into their typesetting workflow, and the conversion and formatting software won't be so buggy, and they won't be trying to support a dozen legacy ebook formats (as Fictionwise does, with their multiformat books). And we'll see better results.
In the interim, I do think it's reasonable to expect somewhat better quality control at the conversion level. Certainly we've all seen books in which even a cursory inspection of the final product would reveal the need for another pass. I'd like to see a model in which the publisher does the conversions, and the same finished files go out to all the retailers. At least in that scenario, mistakes--when caught--would be easier to remedy.
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