My recommendation would be for the Gen3, for a number of reasons:
1. The Gen3 has dictionary support; the Sony doesn't. I find this EXTREMELY useful.
2. If you live outside the US, you effectively buy a Sony with no warranty. The Gen3 has a world-wide warranty.
3. The Gen3 allows you to load your own fonts, and view any book in any font and at any size that you wish. The fonts and sizes are much more restrictive with the Sony.
However, both are excellent machines - I'm sure you'd be happy with either.
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