I was just reporting for an artists/writers' magazine about several e-novel publishers that closed their e-novel lines, including the one that published Stephen King. Several of us artists did book covers for e-novel publishers and the sales were... well... 'low' is a bit optomistic. "in the range of 5-20 copies per month" is the brutal truth.

Basically, everyone thinks it's a cool idea... but nobody's buying it.