Is Steve out of touch with reality or is he onto the next “insanely great” idea? Read for yourself.

What do you think: Is reading books a fading past time or a changing paradigm?

clipped from www.nytimes.com
Amazon’s first iteration of an electronic book reader is the Kindle. Introduced in November, it weighs about 10 ounces, holds more than 200 full-length books and can display newspapers, magazines and blogs. It uses E Ink technology, developed by the company of that name, that produces sharply defined text yet draws power only when a page is changed
The Kindle is expensive — $399 — but it sold out in just six hours after its debut on Nov. 19. Since then, supplies have consistently lagged behind demand, and a waiting list remains in place.
Steven P. Jobs, the chief executive of Apple, has nothing to fear from the Kindle. No one would regard it as competition for the iPod.
Yet, when Mr. Jobs was asked two weeks ago at the Macworld Expo what he thought of the Kindle, he heaped scorn on the book industry. “It doesn’t matter how good or bad the product is; the fact is that people don’t read anymore,” he said. “Forty percent of the people in the U.S. read one book or less last year.”