I read a lot about the 500, decided to wait for the 505 to come out (and at a reasonable price). I was pretty happy with getting my 505 for around $280.
I generally read with the reader in my left hand, with the original faux(?)-leather case still attached. My thumb rests fairly naturally right where the page turn buttons are in the lower-left. Or I might reach up with my right hand and push the buttons along the side.
Overall, I'm very pleased with the 505s design.
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