In case you've been hibernating (or don't pay any attention to the romance market), the Romance Writers of America (RWA) came out against epublishers in its June membership newsletter, stating that they would not recognize any publisher that failed to pay a universal advance of $1000 per title and that they would decline to have an epublishing presentation at the annual RWA convention in Washington D.C. this year. They felt it was not in the interest of their membership, who should be striving toward print publishing.
Those of us who see epub as the new mass market and the future of publishing have been frustrated beyond belief with this archaic, elitist stance, but Deidre Knight, one of the insiders to publishing and writing in epub laid it all out for RWA in this timely and necessary treatise. Rather than summarize, I hope you'll go to the ink and read for yourself.
I couldn't have said it better.
Let's hope this makes the right people step back and think.