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I have a CyBook, and would recommend it without hesitation. It's a little more expensive than the Sony, but has a number of major benefits over it, such as dictionary support, much better font handling (you can load any font you wish, and view any book in any font at any size), and support for the extremely popular MobiPocket book format.
The other thing to bear in mind if you buy a Sony, living in the UK, is that you'll effectively be buying it with no warranty - Sony won't touch it unless you live in the US. The Gen3, being made in Europe, has full warranty support.
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