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I have not been impressed by the Alex's lack of integration between the EInk and LCD parts of the system in the demos I have seen. However, the enTourage eDGe seems more integrated with a similar design (too heavy to be a real competitor to pure reading devices, but an interesting design) - or perhaps it just seems better from its description.
The iRex DR800SG may be the "faster" device you want (iRex claims faster page refreshes at least), but it is more expensive than the Nook and (like the Nook) is still untested. Another potentially faster device is the txtr reader, also not out yet. Txtr claims to have an optimized driver for the Epson Broadsheet display controller.
If you wait for reviews it will be after Christmas before you get delivery, and at that point waiting for the many announcements at CES in January might be worthwhile.
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