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The 700 is not good enough to upgrade from the 505, but if I was in the market today I would certainly buy one even considering the higher price.
When I shopped a while ago it was a close choice between the Cybook & the 505 but with the 700 it seems now that Sony offers by far the best reader in the 6" category.
I feel kinda disappointed though, I feel the best move for Sony and the Ebook market in general would rather have been a cheaper (smaller, like 5"?) device than a new high end one.
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