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The WiFi device is still being actively developed. It's been a long time since we have had an update--but we've been told that one there are plans for adding Pulse and other features. That being said, it is an older device, and although Kobo will no doubt support it for quite some time, they may stop adding features into it while they are still actively developing for the Touch.
I think it is a heck of a bargain and a great simple reader.
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