VFM - WTF?

Picked an e-book at random from Waterstones web site.

A Time to Die by Wilbur Smith

Waterstones e-book

£5.44.

Amazon.co.uk paperback

£5.99 with free delivery.

So after spunking £200 on the device, it will take me 400 books before I break even. At my current rate of one a month, that's 33 years.

Can I transfer rights (i.e. sell on or give away) the ebooks after I've bought them? Or am I just renting them until the format becomes unsupported?

This is the biggest pisstake since Sky offered to charge me for viewing content on my PC that I've already paid for on my STB.

E-books should be a couple of quid a pop.