Yes. I use to prefer paper because I'm old fashioned and I'll probably buy the book if I really like it, but reading is on an ereader is so convenient. I tend to buy a lot of books and hope to get around to them but then other books move up in priority and sometimes I forget where I put the book I want to read. With the ereader they're all in one place.
As for my favorite book, I would have to say The Great Gatsby. There's something about Fitzgerald's writing and the way Gatsby holds onto his dream that's romantic. It's one of the few non-cynical things that I love.
Both, 'ebooks' better because low storage, virtually unlimited choices. Paper because, some are copyrighted, tradition, need to shutdown electronic books (sometime) at night, it has 'weight', or 'physical value' , and you can read anytime, as if the 'net was down or busy.
Love reading. Favorites (among many) are The Chaos Walking series (might be a film) and Poison by Chris Wooding.
I just found out that the town has the least amount of readers. On my local news, somebody ranked the most literate cities (not by how many know how to read, but how many ACTUALLY read) and where I live is at the bottom. Horrifying... for me, anyway.