Just a couple days ago I pointed to news that Amazon might be developing an app for the iPhone that would offer the opportunity to purchase and read contemporary books in a manner similar to Amazon's Kindle e-book reader. Well, Amazon, it's too late. According to PCWorld, Shortcovers, a Canadian company, will be introducing an e-book reader later this month. The company is owned and operated by Canada's largest bookseller, and hence has the rights to sell brand new books. You'll be able to read the first chapter for free, and buy subsequent chapter for 99 cents. Books will cost $10-20. Shortcovers will have 50,000 titles available on launch. The PCWorld reviews the e-book reader that Shortcovers will offer, including a video of it in action.