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The only possibly useful feature that iPad is bringing to the market is that we can expect the prices of dedicated e-book readers to come down a bit. Long live competition!
Having said this, there is no way iPad spells the demise of dedicated e-book readers. Mobile device convergence is something I (and many others I believe) have been hanging out for a long time. Good luck to anyone who wants to go chasing rainbows and jump on bandwagons. Dedicated e-book reader market has never been even in the same league with any other electronic devices - it's much smaller to begin with.
The fight is in the formats game - Amazon, publishers, DRM (or no DRM), etc.
And we can thank the hype over iPad to hopefully bring the market prices down a bit (e.g. Plastic Logic, Skiff & Co.)
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