Hacker News Reader

The text in the example isn't selectable, searchable, SEO-able, cut'n'pastable and probably isn't accessible, so why would images of text be worse?

I don't think it's about cut'n'paste or SEO but about file size and flexibility.

Helps me take a hi resolution print-out without worrying about unreadable text.

The images pixelate even in full screen mode, it's hardly designed for high rez print-outs. Quite hard to print with the hover effect.