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I would suggest you also look at the Aluratek Libre, now selling for $119 at certain online sites. I have this primarily for library books, and it can read pdf and epub books without a problem.
The main advantage of the Libre is that it has no internal clock. So that library books that you borrow on it will not expire until you synch the unit to your PC again. I usually borrow 2-3 books, and I can spend weeks and weeks reading it at my leisure. I "return" the books using my PC, but they stay readable on the Libre till you sych it to borrow more books.
I am not certain about Sony, but I believe that with the Nook and the Kobo, after your 2 or 3 week lending period, the books will not be openable. And some of the digital fiction books lent by the library have a long waiting list for them so you won't be able to just "reborrow" them right away.
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