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I personally use eReader. I have no problem paying similar prices for eBooks and paperback. For me, they are much more economical. I can store an entire library on my SD/CF cards. They are not taking up precious space in my house. My wife is not bothering me about keeping all of the books around that I have already read. Of course the biggest plus for me, it was much easier carrying my ebooks with me on my latest trip to the desert. It was also alot easier for me to buy them in the desert. There is definitely a practical application for them.
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