Print as the new vinyl

From an e-mail by an “industry insider”:

Long-term there’s no future in printed books. They’ll be like vinyl: pricey and for collectors only.

Confessions of a Publisher: “We’re in Amazon’s Sights and They’re Going to Kill Us” (PandoDaily)

(Found via Daring Fireball)

Update, 9:48 a.m.: Apple has just announced iBooks Author, a free OS X app for destroying textbook publishers creating e-books.