This is awesome for the consumer, absolutely. And it's only made possible by the recent DOJ trial that effectively allowed Amazon to set prices of ebooks (wholesale vs agency model). Recall that agency model, the publisher sets the price (the same as apps on the app store). But now that Amazon can set any price they want for ebooks (and take a loss on them if they want to, which they have done before), Amazon can do…
I think Charles Stross writings on ebooks is interesting and insightful. He should know: he's a tech-savvy best-selling author. (He hangs around here too: [1]) He wrote a couple of posts a year and a half ago, they still apply. In them, he explains how Amazon is making itself a monopoly, and that isn't good for anyone but them. What's been most informative to me is how tiny publishers actually are, and how little mon…
Yet hisincome depends on deadtrees and gasp... Hardcovers. This is exactly which should be used to generate more profit for the publisher alone... Adding value to what the author already provided.
Everything in all media business is idiotic to say the least.