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Storage: fifty or a hundred books stored in a package that weighs less than one hardcover book.
Accessibility: immediate acces to any part of any of these books; bookmarking and notes 'in' the text.
Integration: for web capable ebooks like the iPad, one device for internet research, reference (ebooks) and creative tools.
Portability: see Storage
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Cost: too early to tell; they are generally about 20% cheaper, and there will probably be dramatic reductions in some texts that are purchased in large volumes. Many ebooks are free. Education systems will be motivated to produce their own texts to support some curriculum.
Reading Experience: In my experience most of the critics have never read an ebook. I have only used a small screen such as an iPhone, and I find a book a slightly better experience. But when the ebook costs $20 and the book $26, I buy the former.
Sharing: Books are easier to share, but this may change as purchase options change with ebooks. Some libraries are finding lending ebooks on line just like a real book to be very popular.
To return to the horse - automobile analogy, I think it likely that in ten years it may be a strong one, with paper books being an expensive and a slightly exotic way to give someone a special present. But if book printing-on-demand really takes off, then the balance of paper and digital books will be much more complex.
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