Thanks LuvReadin for the input. Yes I did consider public library support and the Kobo seems like a decent choice for that but I've had a look at some of the ebook selections and it's not great. Not too excited about having a to join a waiting list. Blame it on the instant gratification culture of my generation.
I've actually already bought the Kobo. It was mostly the development made with plugins that sealed the deal for me. That and the abundance of coupon codes!
MacEachaidh, I noticed that you complained about the predatory pricing of iRiver products. I've noticed that with their other products and lots of other things over here in general but the iRiver is actually the cheapest of the "mainstream" ereaders right now. JB hifi is selling it for 127 right now whereas the Kobo is selling in most places for closer to 150 and the Kindle 4 is going for 139. Borders has the Kobo on sale for 129 with a $10 voucher included and that is what I got. Not sure if you've already made your decision but I thought you might like to know.