Jump ship! I upgraded from the PRS-500, which would have been almost identical to the 505 in size and design apart from a few of the side buttons. I owned my 500 for almost 3 years and loved and abused it to pieces (the duct tape keeping it together at the end was a bit telling), but I regret nothing about jumping over to the Kindle.
The actual Kindle itself is lighter than the Sony but with the case on they're almost identical in weight and size. The primary difference I saw was the speed and the contrast of the screens! The Kindle just blew my 500 out of the water in terms of page turning speed, and there was a visible difference in contrast when I had both side by side. Please note I'm comparing the Kindle to the 500, not the newer Sony models which I'm sure have improved speed and contrast.
Like you I thought of just upgrading to the newer Sony model, but at $140 for the Kindle I couldn't resist. Are you in the US? I'm pretty sure Amazon has a return policy that would let you try it out and return if you decided you weren't a fan.
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