No, it does not remove the letters from your keys--at least mine did not. I had it one for a month or so and decided to replace it because after sitting with it for a while decided I wanted a different design. But my keys were fine.
I thought someone asked the company and they said they had tested the skins for a few months without an issue.
Personally, I will wait until their is more experience with the skins before considering putting one on my kindle. They have many nice designs but not much info about the compnay even on their facebook page and that doesn't make me feel confident enough to use their product.
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