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Both the nook and K2 are interesting devices with their own pros and cons.
But as of this moment, not taking into account the future, it is hard to say which is a better all around device than the other.
The nook is a serious competitor, and will be a more serious threat when/if a couple of good updates are pushed out.
Of course, the Kindle has a magnificent head-start, and while I don't think it is as far fetched as saying that Linux will dethrone Windows as the preferred OS of most of the world in the next decade... it can be said that a good head-start almost guarantees success in the long run.
My most solemn advice to you would be to wait for now, at least for a month to see if the major complaints about the nook are resolved, if not, join the cool crowd and get a Kindle!
~Fuzzeh
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