Was going to add this to my previous post, but the site won't let me edit the post...
I also agree with you Steven and the OP. Personally I will stop buying ebooks from the major sites in protest at the publishers actions. I'll probably end up purchasing more ebooks from sites like Smashwords and unknown indie authors, who in many cases, are just as good or even better than many well known authors. We'll also go back to borrowing from the local libraries again.
The big publishers (and their authors) are going to lose out again, thanks to their blind stupidity. They simply don't get it, and I don't know what it will take for them to get it.