Right now, the electronic-book market finds itself roughly in the same place the market for MP3s was in 1999, the year after the release of the first portable MP3 player.
But that could change in a matter of months if the book industry insists on 1) jacking up the price of e-books and 2) withholding potential best-sellers from the e-book market.
"Publishers are in denial about the economics of digital content,"
Does the book industry want to join the digital flow, the way the TV industry has with Hulu and TV.com? Or by its obstruction does it intend to encourage the establishment of a Bookster?