An e-book reader (by William Younts of Fictionwise Inc) for the iphone and ipod touch is here. It uses the standard e-reader format. Suddenly electronic books have become a whole lot more accessible and a whole lot cooler.
The application is available now from itunes - here. It's FREE. It won't work until tomorrow when the updates for the iphone and ipod touch are released - and then publishing will become a whole different ball game.