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Comparing "specs" only gets you so far. You may just as well compare paintings by the amount of paint on the canvas. Same amount of paint on canvas = same value, yet one painting is the feeble attempt of your dilettante aunt Mabel and the other one is a Vermeer.
Two devices may share the same specs, yet one is a delight to use and the other one is just run of the mill stuff.
I do not want to talk down the Nook or the Kobo, as I haven't used either, yet the Sony is a beautifully executed work of art. If your simple comparison of specs were the only reason for market success, then the Swiss watch industry would be dead, because any 10 € watch from China tells you the time as well as a 20,000 € Swiss watch. Yet the Swiss have no trouble selling their watches.
BTW, to argue with "production costs" is meaningless - and we all know it. Apart from that I wonder why people forget that the 650 is also a very usable mp3-player, e.g. for audio books. For me that is of much more practical use than wifi.
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