Most publishing rights (and this goes back over 100 years to before the US signed on to international copyright agreements) are set up for the world except the US and the US as two (2) different agreements. So far as we know Sony and Amazon have only secured US agreements. The future is anyone's guess.
Even if Adobe DE is implemented on the 505 the only books that will "work" are those formatted in DE that have reflow implemented. Older page centric PDFs will still be unreadable on a 6" screen.
Good luck with your electronic reading, which ever way you decide. (I would keep the 505.)
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