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IMO, if Kindle had a release a week after launch it speaks more to the difficulty they may have had getting the work done prior to it being released to the manufacturer than it does to their ability to quickly improve upon a product already out there.
1.4 fixed a number of important issues and we have been told fairly recently that another release is coming in a month or so. The new desktop software that was released yesterday has, apparently, taken care of one of the biggest glitches--how bookmarked and finished books were handled when syncing.
Please keep in mind that this is a new device AND a new company--with the first reader only being sold in May and the company spun off from Chapters-Indigo only six months before that.
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