> Since ebooks is not exactly a very regulated industry... Definitely is a highly regulated (gov't, media co.'s) industry. Without knowing anything else about

> Since ebooks is not exactly a very regulated industry... Definitely is a highly regulated (gov't, media co.'s) industry. Without knowing anything else about it - how hard is it to create a web application to serve e-book content? Not very. Yet how many good ones exist? One? Two? That alone should tell you there's a ton of baggage that goes with the market.