While it rocks, I would guess we are probably still around 10-15years before print media dies.
They don't even make tube TVs anymore, yet a ton of people have them. As hot as Ipods and mp3 and itunes and all that stuff is, there are still a ton of people who still buy CDs because they don't have an MP3 player. It takes time for the technology to finally destroy a medium. Magazines would go before books though, but they are still a convince item that many people just grab at the grocery store because the cover catches their eyes.
All that said, I think anyone in publishing should be looking forward to something like this as well as the Nook and Kindle and things like that instead of just holding on to the current conventions.
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