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Just to respond to a few things in your critique:
250Mb should hold quite a few ebooks, way more than the 15 you cite. Most of my ebooks average about 300k to 500k in size, so as a conservative estimate 250mb should hold maybe 500 or more ebooks. Exceptions for books with lots of graphics.
The physical button. I don't own any touchscreen devices that wake up from sleep by touching the screen or shaking the device, all my devices wake up by pushing a button. The Nook button is both a wake-up button and a home-screen button. I'm not sure why that is a problem. I don't own an iPad, but the last one I tried out operated the same way, waking up by a button.....
iPod touch vs Nook. If you like LCD screens, then this might be just the ticket for you. Personally, I and a lot of other readers prefer e-ink, which is why I don't enjoy reading on my droid phone, netbook, or my Nook Color as well as the Nook STR. But to each his own.
And really, no card slots? I can't even buy a waterproof cell phone, and you are demanding a waterproof ereader? I like my SD card slot, it gives me the option for how much extra room I want to add.
Vic
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