Windows Phone 7 still does not have Audible support yet, so it is welcome news to hear that OverDrive Media Console has come to the platform.
OverDrive Media Console will allow users to download eBooks and audiobooks from your local municipal library directly to your Windows Phone.
Books are downloaded in EPUB format or MP3 and have to be checked out for a limited period just like real books.
Over 15,000 libraries worldwide offer the service, but you need a valid library card to participate. See the list of libraries supporting the service here.
If your library offers the OverDrive service get the app from Marketplace here.