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Perhaps the most revealing thing about the "Dumb Money" story, in fact, is that everyone involved -- author, agent and publisher -- saw it as an experiment, the kind of small-scale trial run that a late-adopting industry needs to do a lot more of.

As noted earlier, DRM does nothing to prevent piracy. It’s in place on the Kindle to provide proprietary lock-in for Amazon and a little hand-holding comfort for nervous publishers.  It serves to annoy and alienate potential paying customers. The Kindle has great potential as a device, but as long as Amazon continues to cripple it, readers would be advised to seek alternative e-book solutions.