Welcome to the site, fnatic.
Your device will read books from any site that sells books in Epub (preferred) or PDF (okay, but not perfect) formats except Barnes & Noble books, that are Epub, but "coded" differently. You can also get books from public libraries that offer e-books (from Overdrive).
Amazon Kindle books will not work (Epubs and PDF's don't work on their units either).
The 350 is a nice device that you'll find easy to carry around with you -- but get a case for it!
Other members will give you more details, but I wanted to get you started at least. After you get it, you'll likely have lots more questions ("Can I do this?" and "How do I do that?").
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