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But with a Color TV you could get the same sharpness, brightness, contrast and millions of colours. The resolution of eink for 6" panels hasn't increased in over 10 years. There are no panels better than 300 dpi. So it would be a disaster if mono eink was "phased out" as the colour eink is half the resolution, less contrast, nearly unusable in indoor ambient light without frontlight and unlike colour TV, only has about 4000 pastel shades that can shift in hue when darker and can't do video.
There has been very little significant technical advance in 10 years, and Kaleido was possible since front lights available (PW1 and Kobo glo etc), it's just translucent print on a mono panel. The ACeP Colour is at version 3 and still useless for an ereader as it's x10 slower than regular eink. The regular eink is very slow and has only got marginally better at speed at expense of power.
You can get tablets are are paper like, and while not quite as good for novels (mono text), they won't give eyestrain, have very good battery life when reading and far better than coloured eink or AEcP/Gallery3 (which is useless for an ereader anyway).
You are quite right that the main value of colour eink is 10″ or larger.
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