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Nate, thanks for the proper Sony link up there.
And something else to keep in mind is that this "Reader" will launch at about the same time that Sony transfers the eBookstore over to ePub. So it wouldn't surprise me that at some point after that transition they add ePub support (and ADE?) to the PSP, and give you the ability to purchase books straight from the PSP over WiFi. Of course, that's purely my own speculation on the situation, and I've been known to be way off base before. But still, it would be pretty cool.
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