Very tempting indeed! I almost jumped on pre-ordering but think I'll wait to test it at Chapters and see if I like the touch screen versus the 5 way button. I would assume that usage is much like the Kobo app for iTouch. I have it on my iTouch and it seems like it has all the same features.
It looks like the Kobo Touch no longer comes with the pre-loaded 100 classics...but rather 15 books that are "previews" only. Also, I guess I wouldn't be able to use it in a "baggie" at the beach.
(I have the "newish" wifi version which I got as a free upgrade from Chapters when the screen on my original one broke. Thanks Chapters!!
)