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I think it's difficult for us to understand what you mean by open source, given that all of the ereaders are using an operating system specific to their device, which I assume aren't legally open source even if they are based on Linux or Android. By open source do you mean that the code of the operating system is under GPL, or that they release their source?
What do you define as "making the effort" and which ereaders pass this standard? I think you would get more helpful responses if you were very specific on this point. You seem to be saying the Kobo is acceptable on this point, but the Nook is not? Why?
Re: the course readings. It REALLY depends on the format of the readings, and how much tolerance you have for reading PDFs sideways or zooming in. If the readings are in HTML form, there should be no problem.
But, assuming they are PDFs, if your reader can do landscape mode, reading PDFs formatted for a normal size page is......tolerable, but not really pleasant. What I would do is look for videos on youtube of the reader you're interested in displaying PDFs, and see what you think about the performance. You can also try reflowing PDFs, but the results are very mixed.
Based on what you're saying, you had might as well get the Kobo touch. If you are going to be reading PDFs, I would not get Nook STR because it doesn't allow you to do landscape mode for PDFs. Bookeen is out of your price range. All the Pocketbooks except for the 360 (the 5" model) probably are as well.
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