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I agree that Mobipocket is a proprietary format and cannot be converted into something else. That's why I always save my original master copies in HTML format when making a .prc file.
I have been saving my master copies for years, ever since my first eBookwise reader with its proprietary .imp format.
I used these master copies to make .pdf files -- another proprietary format -- when I eventually changed to the iLiad.
Not everyone is able to or desires to convert their own content. For these the the Mobipocket viewer is a wonderful addition to the iLiad. I think it increases the value of the iLiad and will make it more appealing to buyers because they now have a much larger choice of content. Some readers do wish to purchase DRM'd ebooks and for these the viewer is a great thing to have. I am personally opposed to DRM but I have to be realistic and live in today's commercialistic world. If we want the iLiad to be a marketing success, it will help if it can accommodate secure and non-secure content.
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