Imagine a world where your son or daughter doesn't have to lug around 50 pounds of books with them. Now imagine a world where they can't sell them at the end of the semester. That's at least part of what's on tap with Apple's announcement planned for tomorrow, according to the CEO of McGraw-Hill:
Terry McGraw very openly admitted that books from his company would be coming to an Apple tablet "tomorrow," and he also confirmed that his company has "worked with Apple for quite awhile." As he dug the hole deeper, we also learned that the "tablet will be based on the iPhone operating system," and he noted that said books would be "transferable."
So, on the bright side, many of the textbooks your kids use for high school or college could become digital, and theoretically be "transferred" back when they're done with them. On the other hand, "transferable" doesn't mean "free"—and that could lead to interesting things happening to your college budget.