Before you dismiss the Sony Reader PRS-505, take note that we are waiting for a firmware upgrade that should allow the 505 to support ePub and have better support for PDF. How much better, we won't know till we get it.
Also there are some 9.7" screen sized eink devices due out sometime this year. So the question is that if you find the iLiad too expensive, then you might want to wait to see how the 505 fairs with the new firmware (when it's released) and how the 9.7" devices are when they are released. Both the firmware for the 505 and the 9.7" devices should be out sometime later this year.
The one thing to note, the ilIad while it's nice device has the shorted battery life of all eink devices. So do you buy now and pay a high price and get a short battery life or do you wait and see what happens later this year? That is something you'll need to decide for yourself.
As for the current 6" eink devices, I feel the 505 is the best one for PDF give that there is a program called PDFLRF to preprocess the PDF so it is more readable on a 6" screen. The Kindle won't read PDF, the Gen3's PDF reading seems to be broken in some cases according to others on the forum, and the 505 works just not all that well without preprocessing. But using PDFLRF, makes the Letter/A$ sized PDF not 1/2 bad.
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