I've owned a Sony Reader, Kindle 1, and now Kindle 2. My advice, if you're curious about the Nook, read the various reviews, and go and play with one in a B&N store to decide for yourself.
IMO, the Kindle 2 is a far better reading device - absolutely no question. I was way more disappointed with the Nook than I ever though I could be. I thought it was a real mess.
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