I don't understand the big upset about DRM with this device. It reads drm-free PDFs it reads drm free epub. You can convert all your books and put them on.
If you don't want to buy books from ibook don't do it. Buy them from elsewhere and use stanza. There is nothing to fear here, in fact the device is more open than a lot of other readers. I will probably continue to buy books from Amazon and convert them to epub and use on the iPad.
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