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Is Sony Ericsson short changing Satio users?
"Why can’t I select a passage and copy it to a file I’m assembling for a lecture or blog post?"
The Kindle does all these things. Have you actually used one?
I did just recently read Alice in Wonderland on my laptop from Project Gutenberg...and am now reading through Clement's Epistle to the Corinthians on the CCEL (if you haven't looked at the latter, I highly recommend it...while it is specifically Christian in nature, the interface is amazing - with tagging, user editing, highlighting, annotations, etc...its what I want my ebook reader to do).