That title is not mine, although I love it. It's the title of an intriguing but not very informative blog post, which you can read here: http://www.crainsnewyork.com/article/20091109/FREE/911099984 It relates an event which evidently recently took place in Seattle, during which Amazon flew ten New York agents into Seattle to talk about e-books and to try to erase their image as the Evil Empire.
There's one line in this short article that gives me chills: "The two sides agreed that publishers stood to make a lot more money selling e-books than hardcovers." The problem with that is that there aren't two sides. There are three. We writers are that third side, the source point!
Only last week several of my colleagues and I spoke at length with one of the major literary agents about the issues with e-books, and Amazon in particular. This agent says Amazon is "eating the horse you rode in on", a colorful way of saying that if they undercut the price of e-books too much, they will end up with no supply.
Stay tuned, friends. And keep your seat belt fastened.