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Don't expect a "one format to rule them all" any time soon.
There's 2 reasons for this:
- reflowable formats and fixed version are both needed for the moment. As long as reflowable formats won't provide hyphenation and more advanced typesetting, PDF and similar formats will be the alternative.
- DRM: both publishers and hardware manufacturers will use DRM. Right now, Mobipocket and LRF are already in competition for this market.
The first problem could be fixed if all e-ink readers adopted much more advanced software for rendering reflowable formats. But for hyphenation, you need a dictionnary, so the problem isn't necessarily that simple: for each book, you need to know it's language. I'm not sure that the metadata of every reflowable format contain this information.
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