Amazon liked the iPhone E-Book Reader Stanza so much, they didn't just buy the app, they bought the whole company! That's what the New York Times makes it sound like, quoting Amazon spokesperson, Cinthia Portugal:

“It’s very early days for e-books, and we believe there is a lot of innovation ahead of us. [...] Lexcycle is a smart, innovative company. and we look forward to working with them to innovate on behalf of readers.”

Translation: Amazon, not content with Kindle, wants to own the E-Book space. All books space, actually. All space in general, pretty much.

Lexcycle, for their part, claim not to be making any changes to the Stanza iPhone users all know and love.

But how do we feel about putting all our E-Books in one megacorp's basket?