I can understand the desire for the "all in one" device.
I love my 300 ereader but to have the convenience of being able to use a wifi hotspot or 3g to check email, send an email, browse the net, check out an app and/or read a book in a nicely put together unit is pretty nice imo.
But I can do all the above, including read a book, on my iphone 4 so why bother.
I'd just as soon buy a nice 350 and use it.
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