I think it might happen that eventually paper will take second place to E-readers.
But I don't expect it to happen in my lifetime.
How fast the wave grows is going to be effected by many things. Especially cost and performance of Ebook readers. As performance goes up, and cost comes down it starts becoming more attractive. As more people buy into it, there is a bigger market for books.
Once it starts rolling it will continue to grow, but I still think it will be decades before we see the end of paper.
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