I am totally in agreement with the previous post. I have accessed, and am a member, of one of those "guilds" of e-book based authors who have even written e-manuals as to how to get started.
Like #9 said, it is a wonderful tool for accessibility but the quality of the published works are entirely up to the author. Since there is no formal editor, each author has the right to get their own "editing" done, often by someone who they "consider" good enough to edit but who often are not professional editors, as it is. Moreover, there is the question of originality. If anybody has access to write an e-book these days, who is to monitor the originality of the work.
I nearly fainted the other day when one of my college kids cited a blog as a literary source. Then again, who can blame him since blogging is everywhere. My question is: are we blending in e-book authorship and high-speed blogging? I know this is a slight detour from the whole "development of new literary talent" but there is a strong similarity between the two that needs to be addressed at some point.