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Oh, Annie. In 2007, screens are ubiquitous (and less twitchy), and people have been reading everything on them—documents, newspaper stories, magazine articles, blogs—as well as, yes, novels. Not just on big screens, either. A company called DailyLit this year began sending out books—new ones licensed from publishers and classics from authors like Jane Austen—straight to your e-mail IN BOX, in 1000-work chunks. (I've been reading Boswell's "Life of Johnson" on my iPhone, a device that is expected to be a major outlet for e-books in the coming months.) And recently a columnist for the Chicago Tribune waxed rhapsodically about reading Jane Austen on his BlackBerry.

But taking on the tome directly is the challenge for handheld, dedicated reading devices, of which the Kindle is only the newest and most credible effort. An early contender was the 22-ounce Rocket eBook (its inventors went on to create the electric-powered Tesla roadster). There were also efforts to distribute e-books by way of CD-ROMs. But the big push for e-books in the early 2000s fizzled. "The hardware was not consumer-friendly and it was difficult to find, buy and read e-books," says Carolyn Reidy, the president of Simon & Schuster.

This decade's major breakthrough has been the introduction of E Ink, whose creators came out of the MIT Media Lab. Working sort of like an Etch A Sketch, it forms letters by rearranging chemicals under the surface of the screen, making a page that looks a lot like a printed one. The first major implementation of E Ink was the $299 Sony Reader, launched in 2006 and heavily promoted. Sony won't divulge sales figures, but business director Bob Nell says the Reader has exceeded the company's expectations, and earlier this fall Sony introduced a sleeker second-generation model, the 505. (The Reader has no wireless—you must download on your computer and then move it to the device— and doesn't enable searching within a book.)

Now comes the Kindle, which Amazon began building in 2004, and Bezos understands that for all of its attributes, if one aspect of the physical book is not adequately duplicated, the entire effort will be for naught. "The key feature of a book is that it disappears," he says.

While those who take fetishlike pleasure in physical books may resist the notion, that vanishing act is what makes electronic reading devices into viable competitors to the printed page: a subsuming connection to the author that is really the basis of our book passion. "I've actually asked myself, 'Why do I love these physical objects?' " says Bezos. " 'Why do I love the smell of glue and ink?' The answer is that I associate that smell with all those worlds I have been transported to. What we love is the words and ideas."

Long before there was cyberspace, books led us to a magical nether-zone. "Books are all the dreams we would most like to have, and like dreams they have the power to change consciousness," wrote Victor Nell in a 1988 tome called "Lost in a Book." Nell coined a name for that trancelike state that heavy readers enter when consuming books for pleasure—"ludic reading" (from the Latin ludo, meaning "I play"). Annie Proulx's claim was that an electronic device would never create that hypnotic state. But technologists are disproving that. Bill Hill, Microsoft's point person on e-reading, has delved deep into the mysteries of this lost zone, in an epic quest to best emulate the conditions on a computer. He attempted to frame a "General Theory of Readability," which would demystify the mysteries of ludic reading and why books could uniquely draw you into a rabbit hole of absorption.

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