Wrong.
I was given a Kindle for Christmas last year. It's brilliant.

1. eBooks are often cheaper to buy than the hardback or paperback version (despite eBooks being liable for VAT which printed material isn't).
2. There are a lot of free books available (both legally and otherwise).
3. Having a Kindle saves a load of space in our house versus the hundreds of paperbacks we had.
4. If I am on holiday I only have to carry one Kindle rather than several paperbacks.
5. I can read a Kindle whilst feeding our baby - try doing that when you've got to turn the page on a book.

The only downside I have found is that I can't read in the bath for fear of dropping it.
( Fucking hell Jeff I am not a robot, Sat 12 Nov 2011, 8:46, 2 replies)

I read mine in the bath
Not dropped it yet.
(Captain Skippy pooed in a bag and left it on your doorstep, Sat 12 Nov 2011, 8:50, closed)

You can get a waterproof 'superbag' type Kindle cases for them
although I am sure that a suitably sized ziploc bag would do the job for a brief accidental dunking!
( number5 has been fighting tramps and losing., Sat 12 Nov 2011, 9:21, closed)