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If you like both and have no financial worries about owning both, then just keep them. I agree with you on the 7 inch screen, it's the best IMHO size for reading and portability.
I like the ereader UI of the nook color to the iPad but having both they can compliment each other especially since the nook app will synch up to your nook color.
If you enjoy both then keep both. Why not?
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