Lloydt - I think your analysis is correct for the iLiad. It is more of a magazine/newspaper that a straight book reader.
I got mine in January to read philosophical & theological journal articles and it basically is used as a replacement for the copy machine. If there is an article that has to be read for a class or for my thesis, it is either scanned, or if the journal is available online, it is PDFed using Open Office.
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