Ipad, Kindle, and the Future of Publishing

An interesting article on the state of publishing given the coming of ebooks. My own feeling is that publishing houses are working on an outmoded model that will not work in the future. Like the railroads and carriage businesses, they can't seem to recognize the new paradigm in reading and are trying to stuff the old model into the new paradigm. I don't believe it will work. Why would someone pay $15 for an ebook that is not transferrable and can't be resold used? I just don't get it. I think the pricing of ebooks will kill publishing. We shall see.