Should you give BookShout your Amazon password?

Publishing Perspectives has a guest post discussing BookShout, a startup that currently works in conjunction with three of the Big Six publishers, plus Wiley, to allow importation of your Amazon and Barnes & Noble e-book purchases into its own e-reader apps. It does this by you giving it your Amazon and Barnes & Noble log-in IDs and passwords.

I first saw this mentioned a couple of weeks ago on FutureBook, where Baldur Bjarnason pointed out what a “phenomenally bad idea” this is: