So I'm still messing around with my brand new iPod touch, which isn't either a dedicated reader or a smartphone, but is close enough to each. I'm still looking for a way to load and read books on it - the one reader I found requires an always-on connection, and I'd rather store and read offline. Anyhow, this posts notes "the big question is whether they will fork over $300 for a single-use book reader or use the smartphone in their pocket" and argues (in my view, correctly) that "multi-use devices will win out over single-use readers." I can't imagine buying an e-book reader if I have an iPod (or similar device) that will do the job for me.
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