Not per say, but look for a program called txtr in the app store. you have to activate your adobe id in the settings, and upload your files to their server, but you will be able to read your books on your ipod touch or iphone
You should also check out BluefireReader - they provide a better mechanism for transferring content (using iTunes), and I personally like the reader better.
They do not currently support content from the public libraries, but they are hard at work on this.
Thanks for the info !
Will give them a try