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Mobi's server crashing would not have the slightest effect on existing books; it would simply prevent you from buying new books, or encoding books that you've bought previously for a new device.
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Great, so Mobipocket goes belly-up, my e-reader breaks a year later, I replace my PC, and THEN I'm SOL.
Compare my paper books, all of which I'm still able to read with as little difficulty as their original audiences even though some are more than a century old.
This will be a DRM good/bad-type debate, though, and offtopic here.