Re: Flash sites on the iPad - here's how
For reading books where color isn't required, eInk still is the superior screen technology over LCD. I'm not really sure how anyone could dispute that.
Refresh rate. Absolutely terribly on eink - better hope you don't ever want to check something from a few pages back, because it'll take you a few minutes to find it.
(There's also the size; I first read ebooks on my PDA which I used as my music player, and now I read them on my iPod Touch. There's no pocket-sized eink reader that I'm aware of, even if I was willing to carry around a third device in my pocket.)
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