Last April, I wrote a column titled, "Why e-books are bound to fail." My reasons: cost, the availability of better alternatives and, most importantly, book lovers love paper books.

I was wrong.

Last week, I set out to deflate the hype about Amazon's new Kindle e-book reader and to tell you why it will fail. But while researching this column, I became convinced of the opposite: Kindle is revolutionary and will succeed in the market. Some percentage of book lovers, including me, will buy one to replace their beloved paper books, magazines and newspapers.