mike cane, you excerpted the wrong bit of the original article:
• Create a first rate storefront+reader on Android and the web.
• Shift more resources into the iOS app and make it better than anybody else’s.
• Perform a series of commerce-oriented experiments, e.g. subscriptions, bundling, in-book payments, etc.
The bit you quoted and respond to is what he said other people's advice was.
Note the sentence AFTER those bullet points: "Those are all good but I’d argue that doing this wouldn’t solve B&N’s problem in the long term."
The actual advice was to exit the app business entirely:
• Discontinue the tablets.
• Milk the eink cow until it topples over.
• Make an awesome storefront.
• Discontinue the reading app and license somebody else’s.