Time was that the digiterati predicted a world flattened by the power of the Internet and the unleashing of virtual meetings, telecommuting, and soon immersive reality, etc etc, would replace costly and energy-intensive air travel.

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"While eBook readers have focused on static black-and white images in a single purpose device, we believe incremental content from magazines, newspapers, textbooks and other formats will lend themselves to a more colorful, immersive and interactive experience, more akin to what users have come to expect from the Internet, " Cross writes.

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