Well I was on the fence till this morning and Nook finally released their user guide for the Nook Touch. I'm really looking at the Kobo Touch now. It seems the Nook Touch internal storage is really small for non B&N books. The SD Card books do not appear in books section but under it's own section called My Files.
I did finally see some user pics and the reviewer was wrong. The Nook screen is as good as the K3 so I figure the Kobo Touch will be as well.
I really like the Kobo touch and so I can wait a couple months till someone other then Borders sells them.
I love there will be no more fees too. That really helped me decide.

I want a black one by the way.