Forgot about this thread, but for an update - I am very happy about my iTouch for pdf's (and music/movies); I still use heavily my 770 for regular (text based) e-books
In terms of battery life, I've never used it so much to have problems, but I have chargers in the car, home and at work, and I do not take long plane trips.
I estimate you easily get 5-6 hours if you avoid heavy net surfing and movie watching (just books and music)
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