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Nothing will ever take the place of a great magazine or book in your lap, at the beach, on a flight, in your hammock... But these guys are making serious strides to make magazines available for free, online, with no paper.
PDF-Mags.com was first, then
Issuu.com, and now
Mygazine.com. Everything from indy-zines to National Geographic to top fashion glossies. Now if someone would just make a keyboard add-on to make flipping pages a bit easier without all the clicking...