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You know, I don't really view the Kobo reader as "a very basic reader aim at folks who just want to load a book and turn pages".
It's a single purpose device that performs that single purpose extremely well. I don't have an issue with it being a single purpose device either, since it replaces up to 1000 other single purpose devices (more if I use an SD card). The fact that that single purpose simply doesn't require fancy bells and whistles, and can be delivered in a cheap device doesn't devalue it either.
It's a gizmo, so it's inevitable that it's going to be obsolete some day. For me, the thing that's going to make it obsolete is a multifunction device that's no bigger or heavier than the Kobo and doesn't cost a fortune.
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