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I could see an articulating-screen convertible netbook with a Pixel Qi display. It is practically feasible and supports the functions and directives of the screen technology. We've got the convertible netbooks already, and will likely get even thinner variants of them. We've got Pixel Qi on the fringe of availability, supposedly just unannounced by device manufacturers. We've got low-power hardware being developed that extends easily beyond the smartphone market. Nearly all of what would make a good netbook/ebook is already around, and it has a very viable market...even moreso if one looks at the ebook flood at CES.
I probably won't convert completely to a netbook for casual reading until a device like I mentioned above is made. Even with a standard screen hinge though, I think it'd easily replace my Sony for almost all situations, as I actually do have many legitimate uses for a netbook beyond distracting myself on long commutes. I cannot say the same for any ebook reader.
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