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.
“And of course the price will come down over time, as with all new tech.”
Does that mean author royalties will go up? Right now, they’re ripping off authors, including charging “set-up fees.” On real books alone, Amazon demands 65% off the cover price.