I love holding, reading, smelling books. But here is another aspect I look at it from:
I have two children. Everyday they pile next to me on the bed or curl up with me in my recliner while I read them a book. We typically shoot to read a book for at least 20 minutes everyday. It may be "old timey" or whatever but there is something about holding your children and a book together that makes it a moment for both parties. I don't think it would have that special feeling if I was holding a hand-held device.
Also, along the lines of reading with our children, there is a joy in loading up the kids to the library on a saturday afternoon to pick out their new book. It's exciting for children to run their fingers over the spines of books, and it's exiciting for me to see them happy about reading. Don't think it would be the same if they were clicking a mouse and waiting for it to download at home.