Kindle, an iPod for print?

Will Amazon's Kindle do for portable print what the iPod did for music?

While, I don't think we need 1,000 novels in our pocket, I do see that this new book/blog/newspaper/magazine reader is set to change the world in a similar way.

Since the product includes free web access and a web browser, I can see using it when a laptop is too much trouble, which is most of the time.

There is a video demo of the Kindle in action here. See what you think...