I had a Kobo Glo for a week before returning it - although there were lots of things I loved about it, the light just didn't work for me as the lowest setting was far too bright. I've had a Paperwhite for two weeks now, my first Kindle, and find it to be the best ereader available at the moment, although there are disadvantages too.
Here are my personal views, although I know that others will have quite different opinions. I haven't commented on the dictionary as I haven't used it, neither on the Amazon/Kobo stores as I don't use them either. All my books are sideloaded via Calibre and I haven't even registered my PW as I keep wifi switched off - just my choice.
Kobo Glo Advantages
Attractive and useful home screen - the latest 5 books accessed
Wide selection of font settings, lots of size for fonts, margins and line height
Lighter than the PW
Custom fonts can be added without jailbreaking
Calibre collections work without jailbreaking - as Shelves
Shelves always show as list view
Public library book access possible
Kobo Glo Disadvantages
Inability to turn light down sufficiently
Touch screen less responsive and less accurate than the capacitive screen of the PW
Fewer options when looking for a nice case than with PW
Kindle PW Advantages
Light can be turned down to virtually off in small increments
Responsive and accurate touch screen
Slightly faster response time - I think
Lovely ultra slim cases available at good prices
Kindle PW Disadvantages
Heavier than Kobo Glo
* Limited font selection
Limited margin choice
Limited number of font sizes often with a large difference between one size and another
Limited line height variability
* Collections don't work with Calibre
* Annoying "Personal" tag on sideloaded books
No public library access possible
Collections and books show as either list or cover view but I would prefer Collections as list view (generic image looks ridiculous) with the Books inside as cover view, something I have been unable work out how to do and that happens automatically on the Glo.
* These can be addressed by jailbreaking which I have done and hopefully more tweaks will be available soon.
I hope this helps you make your decision. I was lucky in that the first PW I was sent is a good one, they do seem to be better now than they were when they were first released.
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