I have a 1st generation Kindle, and I love it. The entire time I have had it I have tried to grow it into a work device. As a technical worker I carry (not kidding) forty pounds of manuals with me as I travel around the country. I have tried to work with document readers on my laptop, my iphone, and my kindle to find a way to manage them and use them. I think Apple may have solved that problem with this product.
I am certain that the ebook application will allow other .epub documents, and the iphone OS (which the iPad is running) already has a native PDF viewer, if not the pages application demoed at the keynote will suffice until a better one comes along. That being said this does not replace my kindle. 10" is too big. I do the majority of my reading in bed, and I sure I will find it hard to bring this device with me to curl up with like my small Kindle.
Will the iPad open up ebooks? Absolutely, it will open it up for those documents that are not currently well supported. The Textbook, Newspaper, magazine, and happily my technical manuals. This growth is a good thing, books are like pictures in how they are enjoyed. I am sure they will slowly change from paper to digital just like film moved to digital, however, I it will take a very long time.
This is a good thing
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