My text is black and crisp. Better than my PW1 which had a blurrier, layered look. I'm very happy with the text! Also I have no problems with fit with the Amazon cases.
If you have pinholes, then you might try reading with them for awhile in your typical lighting conditions to see if you adapt to them. Depending on where they are located and how low you keep the light, then you might not really see them. Surprisingly, I found that my PW with 3 holes is easier to read than the PW with 1 hole.
I have purchased 2 from Best Buy. I decided to try an exchange today with the one I liked least. My third PW has zero pinholes! Finally!
Although it has a 1/2 inch light leakage on the lower corner but not nearly as severe as my old PW1 model.
The final verdict for me is to decide between pinholes and leakage. I think I'll settle for the little bit of side leakage and read on it for a week before I return the other one.
Of the 3 that I've tried, 2 had side leakage & 2 had pinholes. None were defect free. I'm sure that there is a good combination out there and others just have better luck than me at beating the odds. All 3 were much superior to my PW1! So in that regards I'm still happy in my frustration.