Earlier quoted context omitted.
"ebook == hardcover in nearly all ways." Not really, the issue is that with digital, there are different formats and readers, some just suck and others are better. You can't just put all e-books under one umbrella because the experience varies greatly. For example, I've totally boycotted Kindle format and devices, it's horrible for so many reasons, if I want an eBook, it's now PDF or nothing. Kindle for me was always…
Don't all of those apply to poorly published hardcopy prints too? If publishers put out official-grade softcopy EPUBs — like O'Reilly used to do until recently — they'd be just as good as the same publisher's hardcopy prints. Side note: I really hate that I can't buy any EPUBs of O'Reilly's titles. I don't want a non-portable, non-saveable, online-only subscription; and their supported method of getting non-subscript…
But the market didn't actually behave that way. They had trouble selling ebooks and piracy was a huge issue.
The next one to watch will be Tor. If they back off of their DRM free stance we'll know that its basically an untenable model.