It’s about time. I was so bummed when all the book prices jumped up after Apple and the Nook started selling books. It made no sense, without publishing and distribution the cost for e-books should be less than a physical book. Never mind the fact that you can’t really share or give away an e-book like you can a physical book. I ended up buying real books again if the price for the e-book was the same or higher. Here is my previous post on this subject with profit breakdowns.
I would not mind if the extra money was going directly to the author but I doubt that was happening.
People started protesting and rating good books with one star on Amazon to punish the publishers. In the end it probably hurt the authors. Even Amazon notes that the price is set by the publisher not them.
Let’s hope e-book price drops to a fair price.