* touchscreen is funky
* Wifi is broken
* the Novel is slow to respond to input
* you can't charge over USB
* few options in reader
* few organization options in library
Hmm....Of these, the last 3 also apply to iPad/iBooks. Also, you seem concerned about the weight, which is 2/3 of the iPad, and 4 ounces more than the nook.
Once you get the wireless figured out, I am certain you will be able to install other .apk's from the web. Most Android eReaders aren't allowed to sport the Google App store because they don't meet the requirements (nub, home button, etc). But you can still install app packages from the web.
On the wireless, is your network set up as an a/n network in compatability mode? It looks like the Novel only supports b/g/n.
The touchscreen is resistive, not capacitive like the iPad. That may be why you are so dissatisfied with it.
The fact that it is running Android alone can fix an awful lot of problems. I'm sorry to hear you are so disappointed with it.