I haven't used either of the other devices, but the touchscreen seems fantastic for:
-clicking on links to navigate a document
-looking up words
-selecting books from a list
-limiting the size of the device (keyboard, minitouch screen, and side buttons all make the Nook and Kindle devices bigger than they need to be
Then there's the fact that Amazon and B&N do a much better job, from what I can tell, of monitoring and controlling what you do with the device. And you can't check out library books via Overdrive on Kindles.
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