Thanks for the reply, yeah that sounds like a probably-but-not-soon answer to me. After seeing what they wrote about the iPhone, I just checked my Android app and sure enough it doesn't do footnotes either.
For myself, I'll just hold off buying a new one for now. My dad needs one by mid-July for a vacation to avoid bringing five hardcovers with him, but they'll all be nonfiction so if Kobo hasn't sorted this out by then, he'll have to go Sony.
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