Strangely, I don't necessarily mind pagination on mobile devices. I think it's the form factor.
However, I've been doing some testing of different reading ideas and I've found that I like a long vertical scroll, broken up into screen-high pages, even better. Finish a page? just scroll down to the next one.
For some reason it feels more like reading a book to me, and I think it's because on a physical book, I don't turn the page when I finish a page, I get my finger under the page early and start to prepare to turn it quickly, slightly revealing the next page and providing continuous reading as quickly as possible.
With the paged-vertical scroll, I find that as I near the end of one page, I'll start scrolling early and put that bottom of that page at the top of the screen so I can jump to the next page without a break.
This seems to work better than just one long vertical scroll (without pages), and I think it's because I subconsciously note the page breaks and they give me a moment to pause per unit of text.