Hack let you convert encrypted Mobipocket files that were intended for another reader so that that work on Kindle.
The Kindle only allows the reading of Amazon DRM-protected content.
If you read some of the Kindle discussion groups, you'll see people complaining about "no backlighting", and then a few days/weeks later they will be lauding the fact that it has no backlighting.
The Kindle has many flaws, but it does allow you to read a few different non-DRM formats.
A revolutionary portable reader that wirelessly downloads books, newspapers, magazines and blogs to a crisp, high-resolution electronic paper display that looks and reads like real paper, even in bright sunlight.