[soulfuldog]

If you want the best possible ereader and the price isn't too important then wait, otherwise, just go for it, as you won't get the chance to buy another brand new lighted ereader at such a low price. And there will always be a newer, improved ereader just a matter of months away.

There are definitely improvements to the lighting, marginal yes, but they are there (though how much probably depends on your own perceptions and just how picky you want to be! Plus, how many people can and will compare the reader they have bought with another model? Just buy one and you will probably be happy with it!).

The Glowlight isn't quite as good as either the Kobo Glo or the Kindle Paperwhite, both have improved the quality of the light, the screen contrast & resolution, plus the lights are at the bottom of the reader and not the top (which is better when you think of the angle you normally read at). Even in a shorter timespan and within the same company you can see another improvement with Kobo, they've now released the Aura and it's slightly better than the Glo despite the Glo being less than a year old.

As for why there's such a big reduction, who knows. Could be that they aren't ready to refocus on the US only, but are taking a gamble at getting their product known in the UK (where Amazon and the Kindle really dominate, and most people have probably never heard of Nook or Barnes & Noble).