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It seems as good as anything, all considerations considered.
I do have a Kindle 3 now and it's very nice, but I miss the empty space in the lower left that the Kobo provides. I don't like holding the Kindle by the keyboard because if you press too hard, you hit keys. Holding it by the edges is a bit dicey, too, since you have the page turn buttons on each side that you don't want to hit accidentally, and the sides are curved, making the hold more precarious than the Kobo.
I've tried shopping with the Kindle and it's a real third-rate experience compared with shopping with my PC. I don't imagine I'd shop with either the Kobo or Kindle except in very rare circumstances, whereas I'm holding the thing all the time. So all-in-all I'm happier without the keyboard.
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