Having followed this thread for a couple of days now, I was becoming ever more disappointed with some of the features (or lack of them) of the Iliad. Mainly the locked down nature of the wireless connection and the still unknown format of handwritten notes seem to be the biggest problems for me personally, however after re reading the FAQ on the irex site the outlook is a little brighter.
The following entry suggests that the wifi connection might not be as locked down as first thought.
Is the E-reader restricted to feeding by iDS only?
No, The E-reader is an open system that also works with your laptop/PC (wireless/wired). The E-reader is also fit for reading from a USB stick, SD cards and CF2.