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I have to agree with calvin-c the device is usable for reading ebooks and so it is definitely an ereader device as far as that goes. Just not a dedicated ereader. And I suspect for the more casual ebook reader the iPad may be just what they've been holding out for.
For reading I'm happy with my Kindle DX. I've been looking for an electronic replacement for the journal books I carry everywhere to jot down notes and story ideas in. The iPad is going on my list of devices to consider for that role.
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