I tried to read manga with my Kindle DX and it was an "ok" experience. Like Harry explained above, maybe a tablet is more suitable for you; eink won't give you color so keep that in mind.
A little less expensive (at least here in USA) than iPad is the Galaxy Tab and has full Android experience out of the box, but I can't confirm how manga looks like there, have not tried yet.
I found several free Manga apps in the Android market though; some of them (with nice review) are: Manga Watcher, Manga Browser, Manga World. So maybe you can Google those and/or check reviews online before even buy a tablet.
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