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I don't think a 6" screen is ever going to be good enough for standard PDFs. So the alternatives to the iLiad will be devices with 8" (none announced) or 9.7" screens. The unknowns are the quality of the software and whether 9.7" screens are practical (e.g. can they be held in one hand and carried around in a bag without breaking).
There should be alternatives to the iLiad by Christmas that have larger screens and/or are cheaper. However, you then miss 6 months of ebook reading. My recommendation is to buy the book edition, because it is already more than "good enough" in nearly every way.
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