It's true, dedicated readers are being flung out so fast that many of them are essentially barely compliant in the formats they read. Hopefully, rendering engines will become more compliant and user-customizable in the future, making it easier for consumers to pick and choose the readers they prefer.
But right now, the erratic ability to read multiple formats is only one of the things that keeps me away from dedicated readers--and much happier reading on my smartphone, with its ability to load and run the reader apps I choose.
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