Apple need to do something like this, but it can't JUST be for eBooks.
Make it a tablet computer that also let you read eBooks. Kinda low powered, but very functional. eBooks could be bought through the iTMS, but also on the iTunes WiFi Store. Not only that, work out deals with Barnes and Noble, Books-a-Million, etc. to let you buy digital books from their stores...kinda like how you can go to Star Bucks and buy their music.
The eBooks should NOT cost as much as a physical book. For instance, if the physical book is $10, the eBook should be around $6 or $7. You SHOULD be able to let someone borrow an eBook via Bonjour, WiFi, USB, BlueTooth, etc.; but it will be gone from your device until they "give" it back...or better yet, they can put expiration dates on borrowed items. You can set it to let someone borrow a book for a week. Your book would be "gone" or "disabled/invisible" until the expiration date arrives. Then you would have access to your book again and it would be deleted from the borrower's device. You shouldn't be able to make copies of eBooks either.
This device should read PDFs.
You should be able to do presentations with this device.
Also, this device from Apple should probably use *gulp* a stylus. You can write notes on pages and such. If it doesn't use a stylus, I guess typing on it like the iPhone will have to do.
You should be able to get magazine subscriptions via iTunes also for this Apple device. The subscriptions should also be cheaper than physical ones.
This device should be more than just an eBook reader. It should also have Safari built in, iSight for video conferencing, play music and videos (of course), receive email, and other things like the iPhone and iPod Touch.
There should be a version of iWork that works on this device. It should be able to connect to network printers also. Perhaps even iLife could run on it, but I don't know about powerful software like Adobe CS3. That's a bit much. No one would really want to try to run something like that on a slightly limited device. It should be more powerful than an iPhone, but less than a MacBook.
It should have perhaps around a 32GB SSD. 1GB of RAM. It should be as thin as an iPhone, but maybe a 7x5 in. screen.
iChat should also work on this device.
Other applications should be available for this device also. Doctors should be able to use it, moms should be able to use it, people working out should be able to use it. People will find reasons to use it.
The price of this device should be between the top iPhone and the MacBook. Maybe around $599 - $699.
Maybe it could be called iPad, iNote, or just Newton.
