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When I debated the merits of the various ebook readers, I considered the fact that Amazon charges for blogs as well as for magazines that can be found for free online (The Atlantic Monthly is another example of a magazine that is free online).
What I decided was that when I get my ebook reader (in my case a Kindle) my life suddenly wasn't going to change. I would still work the same hours, still have access to a laptop at home. Since I went online the need for a magazine that contains concentrated news like Time/Newsweek has gone away for me, so I am not suddenly going to go back to reading one of them. And since I am online at work all day, I can check blogs the way i do today.
So it came down to books. Amazon has more available than Sony and the price seemed overall to be lower. And I liked the extras that came with the Kindle. But I don't think you can go wrong either way.
As for being 'ripped off,' that is a matter of opinion. A lot of what you are paying for is convenience. For example, I went ahead and bought the Silk Pagoda DVD with 10,000 books on it for $9.99 because I decided that was a whole lot easier than downloading them myself one at a time. On the other hand, the ten cent charge for getting documents converted by Amazon and sent directly to my Kindle is a non issue to me because I have no problem hooking up the USB cable and getting the free version and moving them to the Kindle myself.
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