I think it's a silly analogy like most.
I have a fondness for paper books for certain favorites--just had my girlfriend by me the 3 volume hardback illustrated version of Lord of the Rings for instance.
But for most I'll only read them once, so an e-book is fine as I'm not going to re-read it and thus don't care about the experience of having a tangible, physical book.
Academic books/articles I may need to read multiple times--I've stuck with paper for those as I need to highlight and annotate quickly and easily so as to avoid having to carefully read the whole thing again in the future. But even those I'll switch when there's a good tablet device out there that I can highlight and annotate as easily as I can with paper--with the added advantage of having all my annotated articles/books on one device in a searchable format.
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