Check out this PDF Zone article called Book Publishing Is Foundering for Good Reason which talks about the doom of eBooks. With 2 pros and 8 cons, the bottom line opinion is:
There’s potential there, but it’s waiting for the right combination of hardware, software and content to unlock it. Oh, yes, and human behavior and preferences need to change, too.
I’ve talked about eBooks before, first as an opponent then as a semi-convert. I’ve grown more used to reading on my PDA, but I still prefer a book. I rely on PDA reading only when it’s convenient. I’ll load up a couple of short stories (converted to MS Reader format courtesy of the handy MS Word add-in) so I have something to read when I find myself with some spare time while I’m away from my bookshelf.