The books do not transfer to the new owner. Remember this is well discussed at http://www.kindleboards.com/index.php?topic=13353.0
Is it true that once a user de-registers the Kindle, so the ownership can be transferred, including all the books on that Kindle?
Someone is selling a Kindle with all the books on it, and I find it is worthy to buy it but not sure about this feature. I never own a Kindle before.
I do appreciate your time.