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Be sure to consider the UI and how the reader works in relation to how you study and read. Reading for recreation is so very different than study. I've tried several readers from the DXG to the iPad and none of them really are geared to being a research or learning tool for serious complicated reading and research. Limits on annotations, clips, printing (like any of them let you print a page range or highlight) and a few other things like cross references and last working with multiple pages or documents at the same time.
It's just the software is not mature enough for this. In fact to my experience the software is not that much evolved from the early Kindle and Sony's or even the iRex. A few bells and whistles have been added as well as a couple pretty ribbons but mostly that is all lipstick on a pig...its just plain wrong and it only pisses the pig off.
For me the only thing that works well is to buy an old used tablet PC with an active digitizer for $400-$500 and dedicate it as my research tool. Run whatever OS you want and work away with easy document access, you can use note or research management tools like OneNote or Evernote plus any other programs you prefer including a full version of Adobe Reader. You might need to buy an extra battery and you generally lose outdoor reading but it's a lot less overhead if you work the way I happen to and want to eliminate paper based notes as much as possible.
It might be several years yet before we see and true study tools in the tablet or ereader market. Well, the Win8 tablets might be instantly at the head of the class just because of the existing apps out there. Android will catch up but it's going to take time and a few generations of the hardware. I do not believe dedicated ereaders will make the grade in the long term. Today's world is not geared to black & white for our learning. It's a shame but I don't think any ereaders are ready for study without serious compromises
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