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When I bought my nook, I was looking for something to read pdb and epub files. I'm happy with my choice.
If you know how to and are willing to strip DRM from ebooks - format shouldn't matter. If you don't then you have to decide where you will shop.
If you buy kindle books from Amazon, those books can only be read on a kindle or kindle app. If you buy nook books from B&N, those books can only be read on a nook or nook app. If you buy books from other stores in epub, they can be read on many different devices and you need to decide which one works for you.
I would recommend a nook because that's my preference.
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