Can this giant E Ink tablet make paper obsolete?

As a material, paper has a lot of benefits. It's been around for thousands of years, it’s a universally understood medium, and it's cheap. But there are also downsides: paper can rip and tear, it’s heavy, and can take up a lot of space. reMarkable is a company that thinks it's time for paper to get an upgrade, with its similarly named reMarkable "paper tablet."
The reMarkable device is essentially a giant E Ink tablet that aims to replace paper, working as a reading and note-taking d