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Amazon reports e-books have outsold hardcovers

How do you guys feel about this?
Is it the beginning of the end, or are the figures blown out because a bunch of people got ipads in the last three months?

Personally I never liked reading hardback novels anyway, it always seemed like a scam to make people who wanted to read a book when it first came out pay more than they really should. They're heavy and cumberson, but I'll admit they do look nice on a shelf. I wonder if this trend continues, will it devalue first editions?