A leading IT blogger asks whether eBooks are a good buy:

As for Waterstones ebooks, right now, there are several things to dislike. First, if I’m going to buy an ebook, I do want to be able to read it across all my devices – a specialist reader has its place, but other mobile devices are also important. I wouldn’t consider it without that. Second, the DRM is a nuisance. Third, the prices strike me as too high.

I suspect that the market is going through a phase where everyone is hoping to lock customers into a proprietary system. (Waterstones, for example, have done a deal with Sony). If we all hold out for long enough, they’ll start offering much more open systems.