Why it's still too soon to buy an e-reader
Netbooks, e-book readers, and other Black Friday bargains to avoid. - By Farhad Manjoo - Slate Magazine
This isn't a good time to buy any of them. For one thing, e-readers are too expensive. Though you might see a few small discounts over the holidays, you'll pay at least $250 for a model with wireless access. (The Nook and Kindle sell for $259; the Daily Reader and Irex DR800SG are $399.) At those prices, an e-reader makes sense only for commuters and frequent travelers—yes, e-books are cheaper than print books, but you'll only make up the difference if you buy at least a dozen or so books a year.
What's more, buying any e-book reader now is a gamble. Every model has access to a different catalog of books, some of which are restricted by copy-protection schemes. This leads to a classic early-adopter format dilemma: Say you've got 30 e-books on the Kindle you purchased two years ago. Now you're in the market for a new reader, and you're leaning toward the Nook because it lets you share books with your friends. Tough luck—those Kindle books won't work on your Nook. Or imagine you buy the Nook today, but by 2012 Barnes & Noble decides to quit the e-book business because it can't compete with Amazon. Too bad—your Nook will be about as useful as an HD-DVD player. (For this same reason, I cautioned against buying Blu-ray players last year, and I'm sticking with the same advice this year.)
And there's one more good reason to wait on an e-reader: Apple. Nobody knows whether Apple will ever release a touch-screen tablet PC, and if it does, nobody knows whether the mythical device will function as an e-book reader. But it could! Apple seems to be close to announcing a big-screen iPod Touch-like device, and given Steve Jobs' history of discombobulating the media markets he enters, it seems wise to wait for Apple to move before going for any of the e-readers now on the market.