A solid article detailing to date what is known about PayPal demanding that Smashwords and other indie distributors stop handling erotica dealing with certain themes. (IE incest, rape and bestiality.)
This, of course, means that if they're really going through with this, distributors will have to yank the Bible, Heinlein (To Sail Beyond the Sunset) paranormal romance, Real fairy tales, and a LOT of literary novels, starting with LOLITA.
What else will we lose?
NOTE: #@#%@ typos...I hate that I can't change the font when I look at things. That's when I see typos.