I was recently given a physical book as part of a work-related book club and took it along with my Kindle on a family vacation in April, so I ended up doing a direct comparison. The physical book was not better than a Kindle version would have been. It was bigger, heavier, was only one book, was harder to read in the evening, harder to highlight passages and find them later. I think the only thing is the around double resolution of the print version, where the Kindle's ~300dpi is entirely passable, and the fact that the book's "battery life" is >100 years while the Kindle needs charging once per month. Still a big Kindle win.