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After I replaced my wifes PRS-300 with a PRS-350, I kept the old one as a spare "just in case" Reader. As I don't really care about it, I have lent it out a few times, mostly to people who would like to try out an e-ink device without buying. I just make sure I tell them that the substrate can be fragile, and not to leave it unattended. I've not had any problems at all.
On the other hand, would I lend out my PRS-650? HELL NO!
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