Flipboard creates personal magazines from RSS feeds that you can read on your iPad, iPhone, or iPod Touch. It will even integrate with your Twitter account and pull in tweets to help keep track.
Shakespeare in bits provides animations as well as the text with reading tools to understand Shakespeare. This one works for Romeo & Juliet, but there are also editions for Macbeth, A Mid Summer's Night Dream, and Hamlet. While it's $14.99, it does come under the VPP so it comes as the same cost as the book.
Create a story with text, images, and video from your camera roll, Dropbox, and the cloud. Scroll through to read online and share. Interesting free option.
This app allows you to have full text-to-speech capabilities with eBooks on your iPad. Any book in the public domain can be read and listened to in one app.
Paperport Notes has an update that allows for OCR recognition. A paperport notes account is required for this to happen. Any picture that is snapped and pulled into a note can now be read by an ipad or even edited within the app.