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As I get older, I like trades better. They're cheaper than hardcovers and easier to read than mass market.
I wouldn't worry much about libraries passing up on a book because of a lack of hard cover binding. There are jobbers out there who can take paperbacks and re-case them in hard-cover bindings for libraries. We often use them at our library on academic press titles where the cloth binding is $50+ more than the paperback.
A lot of the hard-covers being sold these days are perfect bindings anyway, so they're not much different from a paperback in terms of long-term durability.
As an author, I would think you wouldn't want libraries to have your books anyway. That's a lot of free reading (aka loss of sales for YOU the author).
At $25+ a pop I can't remember the last hardback non-textbook I've bought... ever. Well, okay, 5 books for $1 from the Sci-Fi Book club. But other than that?
I can't imagine, in today's digital and space-saving world, how hardbacks will ever survive.