People have reported better or equivalent battery life with the new firmware. I also hesitated because of battery life concerns but I upgraded and am very happy I did so, mostly because the Universal Flasher is a godsend.
Otherwise, your battery may be defective if it only lasts a week reading only 250 pages. People do say shutting down saves a lot of battery life, but even so.. I could imagine my Reader going down by one bar if I only read 250 pages and had it on standby for a week. Not all four bars.
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