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One thing that no one has mentioned is that books are cheaper at Amazon. New releases are usually $9.99 which is $3.00 or more cheaper than other websites. Buy enuf books and it does add up. Also, I'm trying to figure out what the big deal is about the coming forth of ePub for the Sony 505? Any ePub book I've found that I was interested in, I've always been able to find at Amazon. (Which again, are always cheaper) The only advantage I can see with ePub is that it "might" become the "standard" format which would be nice in case you wanted to move your purchased books from one device to another. But for me, I read books once and don't find it important to keep them forever.
I had the Sony 505 and it was nice, I enjoyed it a lot, but I prefer the Kindle over the Sony because of two things... Whispernet (way cool) and more options for font sizes which I found I missed when I tried to go back to the 505 when the new firmware came out.
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