I've just finished reading the posts of Jeffrey Carver, a SF author I know. He's reporting that the $9 list price that E-reads set for his digital backlist was not a mistake. No, $9 is now E-reads' standard price. Someone must have gone bugshit wacko. There's no reasonable explanation for this.
I don't know about you, but I always think of E-reads in relation to backlists. There's no way in hell I'll pay $9 for a 10+ year old ebook.