I really hate to say it -- I've using Sony Readers exclusively since the PRS-500 was first released -- but I really do think Sony has basically given up on the E-Reader.
I think it is very telling that the T2 was released in August, when Sony has always released its new models in October. I think this was an attempt to generate some early sales for a Reader that Sony knew was inferior before their competitors announced and released models with superior specs, drying up sales for a comparatively over-priced T2.
Sony has always been among the first to introduce new Reader technology, but this year they have produced a minor refinement of what was already one of their less compelling Readers (many of these refinements really could and should have been made available to T1 users as a firmware upgrade as well). I can't imagine the Sony Readers of old not incorporating the latest high-resolution screen at minimum.
This makes me sad, but I will be moving on to a Kindle PW simply because it offers the latest screen tech, a quality Spanish dictionary (not a translating dictionary), and an excellent selection of Spanish language books. I will always be grateful to Sony for pioneering the e-ink reader and creating, in my opinion, the first really useful technological innovation in reading since the paperback. Of all of the electronic devices I own, I would miss my reader the most if it were to vanish.
I hope I am wrong.