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For starters, it will erase itself. That's bad - what if I want it for 17 hours? I have no control over it, and I think that's a big part of paper use right now - control to file, read, use however you want, then throw away.
Secondly, it's a technology. The paper itself probably goes bad after a while, stops working so to speak. So if you print off a 500 page report on this stuff and 10 of pages don't register any marks or (worse) erase themselves in a few minutes, what do you do? And I doubt the cost of this stuff is anywhere near paper.
I see this as a Kick and Bite product, one that is being introduced to keep a legacy process up and running. I'm not saying paper will fully go away, but I'm pretty sure that electronic paper will never make it.
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