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I wrote a big response to this and lost it somehow. So I'm just going to make it simple. Its not really worth.
Can't read books for free from B&N (not sure why you think they would become free). Rooting the device has no effect on the B&N reader. Browsing forums is not realistic on this device and I have Opera Mini on it. Looking some thing up briefly is feasible. Battery takes a huge hit.
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