Ah yes, that's where I was trying to get to, tho I suppose it's like that with most physical media. For example, I too don't 'feel' it as much if I'm watching a downloaded movie torrent as opposed to a physical disc playing or better yet, a movie theater experience. You're getting the same information and possibly feeling similar emotions and ideas the books are trying to convey, but the latter can become warped into an even higher experience because it takes much more focus and work to get to that state of immersion.
For me the worst part of an ebook is the impossibility of truly opening it at random, which is something I like to do. Saint Augustine converted to Christianity based on opening The Bible to a random passage.
This is probably the most interesting 'pro' I've heard for physical books. And now that I think about it, you're totally right.
The ability to buy books at an instant is great - most book stores don't carry a lot of the books I read (foreign language and specific history books).
This cannot be underestimated, a great convenience. It works out if you torrent books too (hey no money, mo problems). Epob files allow it to have all the options you get with purchasing official books (definitions, highlighting, time left, etc.)