I wish you had a third option. To be able to read on the PC is nice but not essential. My first ebooks were .PDF and then eReader .PDB. I could only read the PDFs on my PC and the PDBs on my Clie. Eventually I was able to read the PDFs on my Clie but I didn't care for the interface. Now eReader has a PC reader so I can read on that if I care to. Mostly what I use the PC readers for is to organize my books.
For non-fiction, I prefer pbooks because it's easier to annotate and bookmark. *But* I'm hoping that the Kindle with its larger screen and easier ability to annotate will change my preference.
For pure pleasure, handheld all the way.
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