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My incredibly uneducated guess is that there are geographical restrictions on the distribution of even loaned or rented ebooks just as there are with their sales (like Amazon's and Sony's problems with non-US sales). That could be a real problem for someone trying to set up what would definitely be The Coolest Library On The Planet. It may even be why some libraries like the D.C. and NYPL libraries are cancelling their non-resident lending.
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