1.2 seems excrutiatingly slow and the WiFi is gulping down my battery charge. And yes I did a couple extra complete restarts to ward off any gremlins. Web browsing is clunky and Youtube videos are way to jerky and choppy. I personally cannot justify keeping this POS when the only thing it is good for is reading and the stock reader is garbage. It is a shame as the screen is the best LCD I've seen in the 6+ inch range. I'm going to stick with the iPad and Sony PRS-350.
The only saving grace in this 5+ month experiment is that I only bought one B&N overpriced book. All the rest were bought from Sony and Amazon, stripped of DRM, converted if necessary, and enjoyed without allowing the jerks at B&N the satisfaction of recouping any of their underwriting for the NC!