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There will always be a place for dedicated readers, as the avid reader market is a sizable niche.
The iPad won't take away sales from that niche. And it will be a good thing for ebooks in general as it will expand the market of people buying ebooks beyond those avid with dedicated readers, or reader programs on their PDAs or PCs. And a bigger market for ebooks means better selection and prices for everyone.
So e-ink fans shouldn't be nervous about tablets and going around bashing them and hoping they fail. The device isn't for them, but it appeals to others. And anything that expands the e-book market is a good thing.
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