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I'm cheap! I have an iPad 2 (not cheap) and use it for work and home and while it may not be as good as the true e-readers, it's paid for and works well enough for my needs. My only gripe is the glare outside or very bright rooms but since I usually only have time for reading in the evenings, it works for me.
The wife has a Kindle she loves (and she was slow to give up paper). She's not interested in the other stuff the iPad does (which I need for work and home as well) so she's very content with it.
I have an android phone and while I can read with it, I hate the tiny screens so other than the chance to read a quick email or text message, I stay away for phone reading.
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