The iPad solution is looking better and better from what Dennis has been saying about UnRealbook. I guess, for me, having all the OTHER things that the iPad can do (on the road surfing, iTunes library, music apps like tuners, audio analyzers, even VSTi-type apps) trumps the slightly larger display of the MPP, and no doubt most of that's good features that haven't made it to UnRealbook are likely to be rolled into it as time goes on.
However, I'm going to hang back for a little while, until the iPad2 is shipping and the 'gotchas' discovered. In the meantime, I'm working on finding as many .pdf fakebooks as I can.
Perhaps, as these things get more powerful, a standardized code for music scanning and note recognition can be implemented on them, so that, instead of a static page, we get the ability to have the music displayed in any key if transposition is needed? I know at the moment, all you need to do is transpose the arranger and play in the book key. But it helps to have a TRUE transposition feature, just to keep facile playing in a variety of keys...
Heady times, that's for sure..!
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An arranger is just a tool. What matters is what you build with it..!