I agree with the original poster. Studying a book forever for fast, infinite vis in the Magic Realm is strange.
First of all, I don't think it should work as everyone seems to saying it does. If we accept that you can read a book in the Magic Realm to produce vis, it should not be an infinitely repeatable process. It may be that's what the rules as written suggest, but that interpretation is obtuse, because neither set of rules - those for learning from books, and those for gaining vis in the Magic Realm - were designed with the other set in mind, and the conjunction of the two produces a result that is nonsensical.
"Knowledge is Power in the Magic realm..." it says in Rules of the Realm of RoP:M (page 20), so it does seem like you should be able to use studying from a book as a source of vis according to those rules. And the core book (p. 165) sets the limit to how much you can learn from a book by setting a Gain Limit, and since you never approach that limit, by the rules, it seems to suggest that a book is a source of infinite knowledge if you can somehow avoid ever reaching the Gain Limit. But the core rules have an obvious intent, of which the Gain Limit is simply trying to model: there is only a certain amount of information in a book, and it stops being useful after a certain point. So if you and I both read copies of the same book, starting from an Art score of 0, and you have Book Learner, and I have Poor Student, I will read the book for longer than you, but when we both have nothing left to learn from the book, we have gained exactly the same amount of XP, and that is because the amount of information in the book is a separate value that has nothing to do with our individual learning abilities.
In other words, there is a clear, finite amount of knowledge in any one book (I mean, obviously, right?), and because 'knowledge is power', you should only be able to extract the amount of vis from any one book that you could have gained as XP from it. I think it only makes sense by looking at the literal rules, and not the intent of the rules, that would allow someone to gain infinite vis from one book simply because the original study rules didn't account for someone learning from a book but not advancing.
Personally, if I felt compelled to allow studying from books to work in the Magic Realm, I would also discount any bonus to quality a book takes from the writer intentionally lowering the Level of a book as per the rules on page 165, because I think those are meant to help model the diminishing-returns aspects of learning from a book, and isn't meant to actually represent a better quality book in the objective sense. Reading a high level book should actually produce more vis than a low level one, but since that is difficult to adjudicate, they should at least be the same. But that's just my opinion, and I doubt a lot of Storyguides would agree with me.