The Kindle 3 makes a very poor PDF reader in that it doesn't support any kind of reflow, as most other devices do. You can zoom in on a page of a PDF and then pan around it, but that's a rather tortuous way of reading.
You'd be better off getting either the large-screen Kindle DX, or one of the many 6" readers which do support reflow (of which the BeBook Neo/Onyx Book 60 has one of the best implementations).
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