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The screen of the Kindle too little (Iliad is much better) and you can't format text in your own way. Who cares about color or not being able to get every conceivable book (there are many books you can't get in the store either -- and out-of-print books may not be available anywhere except libraries). Finally, the wireless on Kindle is, in my opinion, nothing less than amazing. Imagine being stuck somewhere and being able to get any one of over a hundred thousand books almost instantly -- and being able to read part of it for free to be sure you want it. To me that's hardly a flaw.
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