MS Reader, for better or worse, works and is required if you are using protected content. As for Audible, I tried it, but I've never been a books on tape person. I think I'm too impatient to listen to it be read to me, and I really don't like abridged works. With a printed version, I can read a page to two on-the-go when I get a moment (like standing in line, waiting in the airport, etc).
For movies, I have to honestly admit I still carry around my iPaq 4700. LOVE that screen.
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