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I seriously doubt the T1 will be crap! I think it will be a very good device!
Having said that, if you can get a 950 at a decent price ($400 is NOT "decent!), go for it! The extra inch makes more of difference than I thought it would. It gives a much very good reading experience IMHO. Personally I'm not keen on the silver casing, but with a cover or skin that can be taken care of.
Apart from the extra inch (that I really love!) I really doubt the 950 would be a much better buy than the T1, but that's of course just my guess since I haven't actually tried out the T1.
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