As someone who reads technical texts for work on a daily basis, I can recommend the device whole-heartedly. Even hand-written / (well) photographed text is no real problem to read. The "hide margins"-feature is immensely useful and if you use calibre, the M92 is even a great substitute for a "physical" newspaper.
I should add, however, that I normally do not read texts with complex or highly detailed pictures. For someone who has to differenciate lots of details in pictures (which I imagine is the case with medical students), a non-e-ink screen might actually be a better choice, since those can deliver color in a more or less realisitic way.
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