What do you think on the matter?
I myself like both, ebooks because you have carry a whole library with you in your bag and it's light. As for books if you have many book loving friends, it's easy to pass on a great read, or if you read on the bus other people can see and most likely get them into the book as well.
Sorry - just to elaborate on my already lengthy response:
Books make lovely presents, especially with a special bookplate in the front. It wouldn't be the same giving someone a voucher or whatever. I also love buying second hand books with old messages in - I have a copy of Seamus Heaney's poetry with a hand-written poem in the front that the sender obviously wrote for the recipient. I also have a copy of Auden's poetry with a message in the front thanking someone for a lovely dinner party.
They make great inspiration for stories and poems, as well as being very touching in their own right.
I haven't got a kindle, and don't intend to get one. I love the feeling of stumbling across a book you've been looking for in a charity shop - along with five or six other impulse purchases! My bedroom is like a library and I love having books as the main 'furniture'. I'm also slightly (ok, incredibly) guilty of judging a book by its cover - if there's a book I've been looking for for ages and I see a copy in a charity shop or wherever, I won't get it if it's got an ugly picture on the front. I ordered a copy of 'Bruno's Dream' by Iris Murdoch second hand on Amazon and am considering getting rid of it because the cover scares me so much! I have also been known to buy a book, read it, and then buy it again if I see it in a nicer edition. As people have said above, I love having the physical object - I sort of think that it 'becomes' the story. I completely agree with Adrian too; if you walked into somebody's house and saw a book called 'The Art of Cannibalism' or something horrendous like that, you'd walk pretty quickly out again. You never really know what people read on a Kindle. It also rids you of amusement - I once sat on a train with a very academic-looking man reading a copy of 'Finding Nemo'.
Having said all that, I do feel guilty about Debbi's environmental point - though I do buy nearly all my books second hand, so I'm hoping it doesn't have too bad an impact!
Sandra, why do you think you can't keep your place in a ebook? I've read 4 ebook and found keeping my place more easy then a real book, since you only have to quickly look at one page and not two (Unless you're picking the book back up at the start of a new chapter)