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The "read anytime" aspect rules out the iLiad.
I have both, and I use the iLiad at home because I read in long sessions (so the start up time is not critical) and the larger screen does make a difference. I use the Kindle when travelling because its smaller size and longer battery life. The Kindle is a very good choice among several strong 6" screen contenders, and if my iLiad broke I would probably switch full time to the Kindle (at least until the next generation of EInk devices comes out).
If Tor finally gets its catalogue onto Baen's webscriptions (as they are supposed to "soon"), then a very large fraction of sci-fi and fantasy will be available DRM-free. This actually argues against the Kindle, since the Kindle Store becomes less of an advantage, but so long as you avoid TOPAZ ebooks buying from the Kindle Store does not shackle you to Amazon (mobdedrm will crack AZW ebooks).
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