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Mobipocket has a free conversion utility to its format. It seems to work quite well and supposedly even converts pdf's. One thing no one has mentioned: as far as I know, the Kindle does not allow other fonts (like cyrillic) to be used, while the Sony does. I assume the non-drm'ed material produced by Mobipocket's converter will work on the Kindle. Another issue -- Book Designer for the Sony allows you to format converted material any way you want (margins, font, size, etc.) while the Mobipocket converter does not. Of course, the Sony only gives you 3 possible sizes while the Kindle gives you 6.
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