Well... I see the "cloud" concept just as a "library", nothing more. But a library that you can access from any device (supporting the format or one of the available formats).
I go to Shelfari today, and I have my virtual shelves:
- reading
- planning to read
- have read
Obviously there are no physical books behind those icons that I can see. I cannot click on them and open one. I think Google is planning to do this: add the physical book behind the book cover icon that you see on your virtual shelf. Then probably features like: Click on a book in the "planning to read" shelf, then you have the option to buy, read an except, etc.
Additionally, the book is downloaded on your device, so you don't need to be connected to read, I'd assume...
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