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While the Kindle looks like a great product to me, I would suggest that you get a device that supports epub (a Kobo or a Sony 350 / 650) if you plan on using the Toronto or Mississauga library system to borrow books on your ebook reader for free; you'd have to look into it, but I believe that most of their books are in epub format. Also, I think that more Canadian content is available in epub format than in the Kindle (mobi) formats, so that is also something to consider. I'd prefer a Sony 650 to the Kobo, it has the new Pearl screen (as does the Kindle) with greater contrast, as well as a touch screen and 12 dictionaries (English, French, German, Italian, Dutch, Spanish) included.
Not that I think the Kindle (or the Kobo, for that matter) is a poor choice; I think that you will be happy with any ebook reader, to be honest. The Kindle has a great screen, and makes buying books very easy with their wi-fi and 3g. For library books, however, devices that support epub seem to have the edge, and as you will be living near Toronto you might want to take advantage of that.
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