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I do not quite understand the extreme negativity toward this device. Obviously a lot will depend on the actual price and any sort of other pitfalls. However, once you stop seeing it as a crippled ebook reader but as an accessory for a smartphone it does make a lot of sense. A cheap device you can take into the bath tub, to the beach or on a daytrip without having to worry about it too much.
I guess that the limitation to five books at a time may have legal rather than technical reasons. This way the device probably just counts as a display rather than an independent reading device. Otherwise there would be all sorts of capyright and DRM issues. The 5 books limit also avoids the emergence of a secondary market. If it could hold a large number of books people may get into the business of loading them with dozens of books as presents or for selling them.
Who cares about the 5 books limit if you have your books on your smartphone and you can change them on the device whenever it's required?
As to the Vizplex display, I was never unhappy with it with my PRS-300.
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