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I'm currently investigating these new features, and this article does appear to be a lot of spin, and a little substance. If your device doesn't have the best PDF support you are out of luck with it.
If they do release an application which allows other formats like epub downloads they will be become a big player overnight in the e-book market. Their site is huge now, I didn't realise it had grown so much, and there is a lot of great content there!
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