Okay, let's cut to the chase. If you want a few nice reads a month, this is the place to go. There is a free subscription, but it only allows you to read all you want from the site and/or 5 downloads per month. There are 3 other paid options that allow you unlimited access to all the free ebooks on site. You can either pay a monthly fee of $9.95 or a yearly fee of $37.95. Or you can just bypass the monthly and yearly fee by purchasing the lifetime access rate of $49.95.
Another side to this site is the fact that as an author, you can get your own works published right on site. And though you are actually offering your work free of charge, there is a button that can be added to your book's page that allows others to leave a "donation". You only need a Paypal account and you could be calling yourself a published author. But it's important to remember that you can't charge a fee for your book.
For me, the basic free subscription is plenty for now. Maybe in the future if I find that I need more than 5 downloads a month or want to add some of the reads to my Kindle, then maybe I'll go for the V.I.P. subscription, but I want to really check the site out a bit more before I make that decision.