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We still need light to read :) I don't use a kindle or any tablet, but have read hundreds of ebooks on my phones (Nokia + Mobipocket, Android + FBReader or the Kindle app). The books are always with me, and it's more convenient for reading in bed.

When I realized that a Kindle weighs less, is thinner and has identical readability to a book or newspaper, I switched. I can blow up the type size and read in less light than I need for a real book, without having a glowing backlight. They're only $140 which I made up in saved newspaper and magazine costs in about two months.

You do need to be more careful with moisture and dropping damage than with a book. (Buy the warranty.) But if you get non-DRM content or remove the DRM, you can give a copy away, which I love.

I do still buy used books when the book is unavailable but in a few years I expect that will not often be the case.

I haven't recharged the batteries on my Kindle 3 in over a month.