I think the Kindle is neat..a nice techno toy with some real upsides. That text size changing bit is amazing.

But my friends and I loan each other books...

not something the kindle can do.

My book never runs out of batteries, and I've even been known to read one while the power was out by candle or oil lamp. (well you sure can't watch TV or use your computer then and 7 pm is a bit early for bed)

not something the Kindle can promise.

When my friends and I have all read the new book I bought..It goes downtown to the used bookstore where I recover 1/4 of it's cost as trade credit, or else to the free-to-anyone shelf at my library.

once again..the kindle e-book, not so much.

Sure I might ruin a book now or then of a drowsy evening with a carelessly placed cup..it doesn't happen often but occasionally *shrug*

What happens to my entire kindle "library" if I spill hot tea on it?

I'm guessing nothing good.

Until Kindle can address some of these it will be a cool alternative for many people, but it won't replace my library, or my books.