Being a user of a PDA, I can read most e-book formats. E-book SW is still available for most handheld devices, usually for free, and quite a lot of them are still in use, despite the proliferation of dedicated devices these days.
Therefore, I look for the book first, and check for available formats afterward. Sometimes I will convert a book from an available format to a preferred format, but that is not always a choice (if the book has DRM on it). I also usually pass on a book that has DRM, but not always.
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