I use the iliad for reading papers from the arxive. It works very nicely. You can just take the pdf, rotate it and zoom a little bit, and you have it a little bit smaller than printed. This requires pressing three buttons with the stylus. You can also annotate, which works fine, too, even though it might require getting used to it a little bit. I had my iliad for less then a week, but I already read quite a few papers from it and I really like it.
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