Reinventing the wheel.
If I lose a paperback book, no big deal. I lose a $25-$300 electronic notepad...big deal!.
Aside from that, Im lucky nowadays that I can still read printed text. I can’t imagine squinting and trying to read a little sh*t box. Same stupid logic as watching a movie on a 3-inch screen.
I think you missed a couple things. The cool thing about the Kindle (also the competing Sony product) is that it uses a special “e-ink” display that does an excellent job of simulating a printed page. There is no backlighting. Unlike a laptop or PDA/Cell it can be read with minimal eye strain and also in direct sunlight. Actually, since the text size is adjustable it’s perfect for someone with bad eyesight. And of course the price will come down over time, as with all new tech.