If an extended warranty is very inexpensive it might be worth while, but most electronics breaks immediately or not at all and the Nokia 770 is very solidly made.
I love my 770 for e-book reading, but FBReader is for DRM-free e-books only. There is always the LIT plus ConvertLIT approach, of course, and this is anyway the best way to be sure your DRM infested purchases will work on the next e-book device to come along.
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