Tipping point?
I just received my Kindle (with the free 3G) and I don't mind paying for my eBooks, nor do I care that I can't do anything with them like, oh, I don't know, resell or give away or otherwise distribute my eBooks
That said I can read on the kindle at night, pick up my iPhone at lunch time whilst at work, pick up where I left off and then when I get home my Kindle knows where I'm up to. That's more than enough functionality for me thank you very much . It means I can read my book wherever I want because I've always got my phone with me.
Ah yes but what if you get rid of your kindle, you can't move your books to your new reader can you thanks to the evil DRM!
OK, fair point but why would I want to get rid of my kindle? it offers me all the functionality I want, the books are not exactly overpriced and it works well, even having a "free" 3G connection which allows me to browse the web (el Reg renders quite well in the Kindle)
eReaders are still a niche market compared to hardback & paperback publications, that's why the price isn't coming down (and why publishers can charge pretty much what they like) I don't think its right or wrong, these businesses will charge whatever they can, that's the free market economy for you. I don't think 1 eBook sale = 1 physical sale lost, I have bought some books for the kindle that I already own so it's additional income for them.
Until eBooks and eReaders take off to the point where there is more demand for them than for "traditional" publications then I don't see any reason for publishers to bring the prices down too much, do you?