Future of reading

Amazon just released this reading device: Amazon Kindle



It's light weight (about the weight of one book).
It has internet connect.
And it can store up to 200+ books.
I bet there are ways for you to highlight and make marks.
Even better, if it can spit out the highlights and remarks.
Will this replace book as many other devices attempted in the past?
Are we ready for the new technoloy? like ipod & itune have changed?

Well, i felt the form factor is a bit ugly.
It looks like a digital weight to me.
It looks very hard to put your hand on the book.
Is it durable for me to put it in my bag that I smash on the wall, caught between the elevator doors, drop on the floor?

I am not ready to switch but never against trying new tech... o, wait, I don't read the paper version either. I bet it will read it back to me very soon! Now, that's better :)