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I was doing the same thing as you several months ago.
Love the 1150 but wanted something newer with better features and lighter etc.
I ended up getting the Pocketbook 360, its little more expensive then the budget you have listed.
But I cannt recommend it enought!
its a great little machine with TONS of features built in, and even has a built in cover that snaps to the back when your reading ( very very handy )
check out the sub forum for it here, I think you would extreamly happy with it.
I know I am.
(side note, still have the 1150. Finally got my wife interested in ereader by giveing it to her with some suspense / spy / thriller books on it =) )
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