Scan This Book from yesterday's New York Times is lengthy but well worth a read. It's written by Kevin Kelly from Wired.
Synopsis:
1. All the world's books will soon be available in digital form. Google will do much of the work. Likewise Amazon. They can offshore to India to get much of the actual scanning done. The Chinese will pick up most of the stuff that the rest of us are told is still in copyright. It is cheap and easy to scan a book. $10 per book...
2. "Turning inked letters into electronic dots that can be read on a screen is simply the first essential step in creating a new world library. The real magic will come in the second act, as each word in each book is cross-linked, clustered, cited, extracted, indexed, analyzed, annotated, remixed, reassembled and woven deeper into the culture than ever before. In the new world of books, every bit informs another; every page reads all the other pages."
3. "Once digitized, books can be unraveled into single pages or be reduced further, into snippets of a page. These snippets will be re-mixed, re-used and re-sequenced. Just as the music audience now juggles and reorders songs into new albums (or "playlists"), the universal library will encourage the creation of mashed-up books on virtual bookshelves."
4. Old fashioned publishers won't enjoy this one bit.
5. New-wave consumers won't care about old-fashioned publishers.
6. It's iTunes for books...