“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.
Amazon’s Kindle Digital Text Platform allows anybody to put a “book” up for download and set their own price. Author gets 35% of any sales and retains the rights to the work. I can envision some unknown authors developing a real following without ever printing a traditional book.