Jay Lake (Macmillan author) on the Macmillan/Amazon dispute

Jay Lake weighs in on the verbal spat between Macmillan and Amazon. He does so with an open letter to Kindle enthusiasts. He brings up some excellent points:

• Amazon only mentioned the high end of Macmillan's proposal - and said little about the eventual drop of books to as low as $5.99 as they age.
• That the proposal by Macmillan effectively mirrors the sale of print books - expensive at first, cheaper as they age.
• That printing costs for large publishers selling popular books are as little as 10% of the overall cost of the hardcover - and only 20-30% for indie publishing firms. 

Not only is the article intriguing, but there are some fascinating comments as well.