You may have read this elsewhere, but the news bears repeating. The ramifications for this, both in terms of the publishing business and in terms of being writers, is serious and far-reaching.
Check out this article from Business Week. Let us know what you think, in the comments section, about whether this is a 'good' or 'bad' development and whether it's changed your writing and submission habits. How about as a consumer? Do you buy ebooks or plan to in the future?