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A coda for my tale:
I ended up returning the Kobo, because the new Kindle has basically every feature I liked about the Kobo, but is also better in a bunch of other ways. I liked the Kobo, but I didn't want to have something that I knew was clearly worse than another option (versus the Nook it was a much closer call).
However, there is one big issue that hasn't been mentioned here:
Borders USA store policy is not to take returns on the Kobo (not even with a restocking fee)! In other words, if you buy it and don't like it, you're stuck with it. That was pretty shocking when I went to return it. To be fair, the manager on duty ended up overriding the store policy and allowing the return, but it was very stressful.
By comparison, Barnes and Noble has a very easy in-store return policy, and Amazon also allows returns, though you have to ship them to Amazon.
Knowing that now, I would not recommend people get a Kobo at Borders. With basically every store in the US accepting returns, it isn't worth the risk that you'll change your mind and get stuck with something just because you bought it at Borders.
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