I have to agree with those above me. I love mine to death, but I'm not a student anymore, and I wouldn't have wanted it as my primary studying device when I was. At the same time, if I had to read a ton of PDFs, as long as they didn't have lots of charts in them, I'd rather read them on a tablet of some sort than my laptop screen.
The PDF readers available for the Nook Color aren't very good, though. I'd definitely recommend rooting it so you can have better functionality, or waiting for the Nook Color 2 that's coming out soon since it looks like it has more apps, or perhaps buying something with a larger screen. A 9 inch tablet would definitely be easier to read PDFs and type notes on.
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