As expected, iBooks is now available for the iPhone and looks quite good. Still not convinced that Kindle isn’t better, but it is nice to have the option.
iBooks is an amazing way to download and read books. iBooks includes the iBookstore, where you can download the latest best-selling books or your favorite classics – day or night. Browse your library on a beautiful bookshelf, tap a book to open it, flip through pages with a swipe or a tap, and bookmark or add notes to your favorite passages.
Features:
• Enjoy a complimentary copy of the beautifully illustrated classic, Winnie-the-Pooh by A. A. Milne.
• Download many of your favorite books from the included iBookstore.
• Read a free sample of any book on the iBookstore before making it a part of your collection.
• Reorder your books on your bookshelf or browse them in a list sorted by title, author, or category.
• Easily adjust your screen brightness to find the perfect lighting for any environment.
• Change the font size and pick from six included type faces to make your books more comfortable to read.
• Find a word, character, or phrase anywhere in your book with the built-in search feature.
• Keep your bookmarks, notes, and your current page wirelessly in sync between iPhone, iPad, and iPod touch with the new automatic bookmark syncing feature.
• Quickly find a specific page using the page navigator at the bottom of every page.
• Read your books on white or sepia colored pages.
• Choose left or fully justified text layout from Settings.
• Highlight your favorite passages and add notes with the built-in bookmarking features.
• Add books in the industry-standard ePub electronic book format to iTunes and sync them to iPhone, iPad, or iPod touch.
• Add PDF documents to iBooks from Mail, or add them to iTunes and sync them to iPhone, iPad, or iPod touch.
• Use iBooks with the amazing accessibility features in iPhone, iPad, and iPod touch – such as speaking the words on a given page.



I like this app a lot. Just a tip for you all.
The freeware program Calibre will convert other docs into epub format so you can see word docs or pdfs for example in ibooks. It works well and allows highlighting, bookmarking of some of my work pdf docs.
Sid