An excellent look at what the iPad just might do to book publishing.
You need only look at the very recent history of music publishing to see why the iPad is going to be a boon.
iTunes and the iPod have ushered in the death of the traditional music industry by opening the doors to national audiences to small bands—and letting the public buy one-hit wonders and guilty pleasures digitally. CDs and vinyl are still sold to people who appreciate their value, whether for the design and artwork of the packaging, the fidelity of the recording, or the extras you can only get from that one edition. The number of physical copies sold is smaller yes, but those who buy them pay greater attention and probably appreciate their purchases more. To a lesser extent (so far), we can also see this trend in the movie industry (though, the iPad will likely change this as well).
Craig’s point is that the same will be true of the iPad and book publishing, and I believe it’s dead on.