Are the kindle media/books sold with some sort of license (ala dvds or more importantly electronic software?)
If so, does the licensing agreement speak about this sort of scenario?
(I don't know the answers here, hence the questions. There's a chance the bastards have put this into the agreement. Otherwise I agree with what E and Gramps have already stated.)
I have no idea, and if it is I'll certainly not be buying a Kindle this year. But even if it is in the contract, I'd argue that it still violates the spirit of contract law. I can think of no other parallel or precedent in the common law system that provides for the wholesale repossession of a sold good in the absence of outstanding debt.
I doubt I'll ever buy a Kindle or a Nook or whatever else they're trying to put books on. I like my books the old fashioned way. In print. Preferably with spines that look awesome on a bookself or if they're paperback-unbroken spines and in as good condition as possible.
E-books just dont do it for me.