I agree with Scott that the Kindle, the Nook and other dedicated e-book readers are vulnerable. For better or worse, iTunes has the momentum to become the premier source of digital versions of books, magazines, videos, and movies just like they are today for music. Why own a Kindle when you can have a device that manages presentation of all sorts of media, and serves as a web browser too?
The Kindle 2 with 6 inch diagonal screen costs $260. The Kindle DX, with 9.7 inch screen, costs $480. An Apple "iPad" with 10.1 inch multitouch-enabled color screen might cost $600 at first.
Traditional publishers like Time, Inc, Hearst and Conde Nast are trying to get out in front of the iTunes juggernaut by forming a new company to publish versions of the companies' magazines online. The titles include familiar names like Time, People, Sports Illustrated, The New Yorker, Vanity Fair, and Vogue.
[Edit: Hearst Corp. has just announced an e-reading service called Skiff. Skiff will provide "a comprehensive selection of newspapers, magazines, books and other content from multiple publishers, uniquely optimized for wireless delivery to devices and delivery via the Web."
http://www.businesswire.com/portal/...d=news_view&newsId=20091204005090&newsLang=en ]
In my view, they, like Amazon and Barnes and Noble, will find themselves working with Apple in a year or two.
The reason publishing periodicals online is so attractive is that the print version is prepared using digital tools like Adobe InDesign. It's a simple matter to re-arrange the content for online viewing, rather than printing.
(The design -- the look and feel, if you will -- of the online content is more challenging, of course. But once the design is settled, the production of an online version can be swift.)
Then there's the reduction in cost. Most magazine costs are not in writers, editors and photographers. It's in the printing and mailing of the physical product. Electronic publishing can reduce those costs dramatically.
Chip Haven