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well it's better this way. now they can focus on the more important 600 version instead of the old and outdated 505series
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Except that the Linux folks have made a tradition of keeping old hardware going with up-to-date software...
I would take up the Sony challenge if I could get a PRS-505 for not too much money. They seem to be going for around $300 on Ebay, that's too rich for me.
I have 30+ years of C programming, real-time and embedded systems, and I'm about ready to stop fighting management-imposed deadlines.
PS - Even if the chips are proprietary, they have to release the GPL code for the drivers and kernel. It shouldn't be impossible.