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Both O'Reilly and Pragmatic Programmers offer ebooks with no DRM, just watermarking. It might be harder to find commercial fiction ebooks without DRM, but DRM-free is the norm for technical books.

Manning and Sitepoint also offer DRM-free ebooks.

I have a Nook and I do not buy any books through B&N.com, only direct from technical publishers that are DRM-free and then load the epub file via USB. In fact I only turn my network connectivity on about once a month to update the clock on the device.

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