Thus it is no surprise that Apple is laying low while Amazon releases a Kindle app for the iPhone. Apple has no interest in e-readers because, as Jobs claims, there’s no money in it.
For me personally, the web will always be about text. While I probably read fewer books that I used to, with everything I consume on the web, I probably read more volume than ever before. While web reading is fine and dandy on a 24″ screen while sitting down at a table, it’s a bit more difficult to do portably.