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I use Itunes format (?mp4a) on my NC and the music plays. I just drag and dropped the albums.
I also have an audible subscription and havn't found a "good" solution to putting them on my NC, but I have an ipod and its hard to justify getting worked up because the NC doesn't automatically do the same thing as the ipod. Personally I think this is audible's issue, not B&Ns or Apples. If I buy the books I should be able to download them in any format I want. Won't happen until enough of us complain to Audible.
You can use pdf's on your NC. I do all the time, as well as Word documents.
If you root it, which is not that hard and you can buy an SD on ebay to dual boot, you can use the Kindle Android software and read Kindle books, but do you really expect B&N to automatically allow you to purchase competing books?
I too have had the "should I have waited syndrome" but I've had my NC since day 1 and I've certainly gotten my purchase price out of it and have no complaints that it was money well spent.
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