The amazing Amazon Kindle is bad news for the publishing industry. - By Farhad Manjoo - Slate Magazine

The amazing Amazon Kindle is bad news for the publishing industry. - By Farhad Manjoo - Slate Magazine: "Amazon's reader is a brilliant device that shanghais book buyers and the book industry into accepting a radically diminished marketplace for published works. If the Kindle succeeds on its current terms, and all signs suggest it'll be a blockbuster (thanks Oprah!), Amazon will make a bundle. But everyone else with a stake in a vibrant book industry—authors, publishers, libraries, chain bookstores, indie bookstores, and, not least, readers—stands to lose out."