Personally, I've been wanting a 505 for a while now, and unfortunately the 700 doesn't quite do it for me as an upgrade.
I've less than no interest in the potential for dictionary support (though I know others want it) and the light isn't that big a deal either. More memory and faster page turns are good, though.
I've been thinking a lot about page turns, because my biggest concern about the PRS-700 was the placement of the page-turn buttons, and I just had an epiphany. I'm an old-time e-Book reader and I'm used to buttons for page turns, but most people aren't. Using a right-to-left swipe for a page forward mimics p-Book behavior, and for many people that could be the deciding point. It's not for our ease-of-use, but for the ease-of-use of people who've never seen an e-Book reader before.
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