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S'well.
I believe they (Sameer) mentioned they were working on it (Search Function) about a month ago. No timeframe for release given. If it is a must have feature and you need a reader today you need to look elsewhere (the the Kobo Touch), otherwise wait till when the feature is released.
Anyway I think we answered katiarma's question. Though it is now looking less sure that a new eInk Kindle will be released soon, just the Color one.
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