Welcome to MobileRead, brecklundin!
Your points about the power consumption on OLEDs vs e-ink for static content is well taken, but you seem to be unaware that e-ink also apparently has a limited life span. It's hard to get a number on it is all, 'cause e-ink, inc. is keeping mum on the subject. Some estimates are as low as 10 years, but who knows what the reality is.