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I'm the owner of a new Kobo Touch and I'm quite pleased with it. Haven't been affected by any of the bugs apart from the bottom bar reverting to the display of recommended books after a sync. As purely a reading device, I think it is great, I have no complaints in that area and I really like the formatting options where I believe it is one of the most flexible if not the most. Seems like the Kindle has some nifty features like the ability to share notes, I don't use them but so far any social features built into the Kobo have been quite useless for me and they seem quite gimmicky on the Kobo.
Also, the form factor of the Kobo is great, very comfortable to hold. My case arrives soon but the rubberised coating is quite nice although I don't expect it to last if you chuck your ereader in the bag like I do.
I have no experience with the any readers other than the Story HD, the PRS T-1 and the Kobo but I think that the Kobo UI is the best by far. Clean and simple.
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