QReader lets you read .txt .fb2 and .html eBooks. By means of the application you can download eBooks from external FTP servers, so there is always something to read, if you have QReader installed on your iPad. QReader lets you change font, font size and page orientation without reopening eBook, and that is very convenient, because you won’t have to open it again and search for the page you were at, if you adjust text parameters during reading.

Now hold on here! Ultimate? Ultimate eBook Reader for iPad? For five bucks all you get in eBook formats is .txt (Text files) .html (HTML FIles) and .ftb2 (Fictionbook) support???

No fancy tricks, No DRM support, No nothing! But you can change some fonts on the fly and background colors. For 5 bucks!

Stanza which is free at least supports unencrypted DRM-free ePub format, DjVu, Comic Book Archive (both CBR & CBZ), and encrypted and unencrypted eReader and PDF files. AND the desktop program will transfer other formats.

I say QReader is all about the hype and you can get the rest for free elsewhere.