If you have some extra time tonight, go to J.A. Konrath's Blog http://jakonrath.blogspot.com/ and read the interview with Mark Coker from Smashwords on March 28. Interesting information about Smashwords and indie publishing.
While there are a lot of questions for Mark Coker about Smashwords, I think he does a good job of responding to them. It's worth reading not only the interview but the comments as well.