I have an iPhone. It's an excellent general use device and I have used it to read ebooks. I like the device and would buy it again. However, I have had to hack it to get certain features I happen to need. The phone unhacked is almost worthless to me.
I've just ordered a Sony PRS 505. When that arrives I'll update the comment to include a comparison between the two. I expect I'll much prefer the Sony to my iPhone for reading, but then again the iPhone is with me at all times regardless of whether I plan to read. Unless I carry the 505 with me everywhere I go, the multifunction portability of the iPhone really adds to its convenience.
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