1. Find books that are copyright free.
2. Copy and Paste it into an iphone app.
3. Sell it for $0.99.

What a clever way to profit off of free content by changing its delivery medium! Right now
AppEngines is selling 43 classics and more is sure to come.
Project Gutenberg (a website full of copyright-free content) has over 25,000 books.
I just hope that Apple will be able to come up with a better way of handling these e-books (start a new category named e-books for example).
I'd hate to dig through 80 ebooks in order to find a cool iPhone app.