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Your point about "collectible value" is one of the main reasons why we will probably always have paper books... specifically, hardbacks. They are the highest-quality format for a book, and therefore collectible. But for those who aren't interested in first edition collectibles, they can still buy e-books.
Some of your other points would be satisfied by the earlier idea of a card with the e-book embedded on it. It could be sold and resold, hold multiple formats, and be played on the device it was loaded on (read-only, not easily copied and disseminated, satisfying most piracy issues for publishers, and therefore a reasonable form of DRM). And you can save the cards, collect 'em, trade 'em, or throw 'em away when you're done (or if the book proves to be crappy).
And yes, an e-book reader costs money... but as you may already have a device that can also be your reader (like your PC, PDA or other device) this really isn't an issue. It's only an issue to the e-reader seller who wants to convince you to buy a dedicated reader, and they'll just have to come up with a value-added feature to compel you to buy one.
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