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Yup, the state of electronic books is currently dismal. Of course the growing popularity of e-readers is starting to create a demand. Did you look at the Illiad from iRex Technologies ? Its like the Sony only a bigger screen (more pixels and larger but same technology) and it runs Linux and it has WiFi and you can download a simple app to it so that you can ssh to it. That means that tools at least can be developed independently (for the most part) of Irex's ability to put developers on the projects. Its not all roses however since their window/shell (called ContentLister) is not documented (its a proprietary app basically). The good news is that it is replacable, and iRex seems to listen on its message boards.
I bought mine because regardless of the ebook market I have a TON of reference information in PDF format (mostly electronic component data sheets) which I like to have with me in an easy to read format on my bench.
--Chuck
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