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I have a Sony reader and just bought a Nook Color.
I love them both - I prefer the Sony for reading, and I've got the Nook Color set up as an Android tablet and am still discovering all the things it can do (you're not limited to the B&N app store if you root or modify it).
That said, I am reading a book on the NC right now - some Google books are not available in epub, but they are readable on the NC through the Google Books app. Works quite well! and gives me access to many more books, which is all good.
So get both, if you can afford it - each does what it does very well.
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