The big news is that both will use an xml-based format called XMDF ("ever-eXtending Mobile Document Format"), which is supposedly widely used in Japan for text/graphics composites. The launch video (see below) shows both in action. From what I can glean from the video, this format allows allowed embedded video and animation, pop-up windows and text-specific zooming (we'll nimbly gloss over the ugly fake page-turns).
The question is who owns XMDF. The last thing we need is another proprietary media format. It doesn;t do anything that HTML5 and Javascript can do, unless there is some DRM-related stuff associated with it. You have to wonder what to think about a new format where the full spec is not freely available.
Sharp is also working on e-Books tech Akihabara News
Sharp is developing a multimedia eBook format|BestTabletReview.com
Sharp to Release an E-Reader and New Ebook Service | Good E-Reader Blog - Electronic Reader and Slate PC News
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