The ebook ecosystem has experienced many changes recently--having both positive and negative effects for the school library. On the positive side, many publishers have stopped seeing ebooks as the coming of the Apocalypse; instead, they are seeing that the publishing business survives and, indeed, flourishes. The different actors in this arena are beginning to work together to standardize some elements of ebook management. Finally, a sense of balance seems to be returning to libraries, as the idea of blended collections providing resources in a variety of formats is gaining ground. On the negative side, legal issues related to ebooks make it hard for libraries to manage their ebook collections as easily as they do their print book collections. Additionally, some solutions that work for individuals and larger public library and academic library systems still have not yet migrated to the school library world. In this article, Shannon Acedo and Cathy Leverkus first briefly trace the history of ebooks and describe the situation school librarians face today. Next, they provide a comparison of ebook vendors' services. They go on to explore the challenges and opportunities of managing ebooks in school libraries including topics such as access, budgets, and legal and ethical considerations. Finally, they evaluate issues related to e-readers and Americans with Disability Act (ADA) compliance as well as ethical concerns relating to circulating the devices themselves.