Holding down the power on button will still turn the Kobo off. Otherwise it stays in sleep mode. Like 1.0. When Kobo introduced the sleep for 15 minute and then turn itself off feature they said it would save on the battery, but it was, apparently, wildly unpopular. People asked for the ability to choose their own option/timing for on-sleep-off. It appears we got a roll back to the first way of doing things with the new option being having covers (or not) when sleeping.
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