Imagine where electronic ink displays could be today if E Ink wasn't such a terrible steward of the initial technology.
I'd say you might get your wish in about five years, after present patents expire. There will doubtless be new developments, but present devices are absolutely sufficient for e-book reading and most web surfing / tablet tasks, even at monochrome and modest 0.5 -- 16 Hz refresh or so. Higher-quality display is slower to refresh, though almost all instances are well under sub-second. Colour displays are slower as I und…
Things are moving faster these days, with the interwebs and all.