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For fiction I prefer a reader by a wide margin. I have a real hard time going back to paper. For non-fiction, typically some type of History book, I still prefer paper because I do a lot of flipping back and forth sometimes and none of my readers are great for that.
As far as lack of variety I suppose it depends on what you're wanting to read. It will be nice when more older stuff starts showing up and of course pricing could use some work. I will say selection has gotten a lot better than it was in '07 when I got my first eInk reader.
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