I am doing more research into the B&N side as its hard to tell if you can physically back up files. You can archive things in the software but not sure what this does.
The file format seems to be confirmed as e-reader format.
Quote:
Originally Posted by kindlekitten
the Kindle can be trasnferred and go off the account to another user. and yes, the books are permanently and always mine
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This is a semantic argument. As long as you require the Amazon servers to distribute the books to specific devices you do not own the books but have leased them. You can not in any way use your books with out the Assistance of Amazon at this point because the device itself is apart of their DRM scheme. Which means you can not in anyway transfer items off the device to use in another device.
Until that gets fixed make no mistake about who owns your books.
There is even an ugly rumor that Amazon can yank books from your collection that they no longer support or are out of print. Seems a bit of a stretch, so I only report as a rumor.