AFAIK the Cybook would have no registration requirements, at least older ones didn't. The one thing I learned with Bookeen is make sure you're okay with the current feature set as is and don't count on or buy based on anything they say might come in a future update.
What kind of organization for books do you want? The Kobo uses "shelves" which are basically single level tags. Someone will have to confirm on the newer Cybook, but previous Cybook's have had a full directory "folder" structure available.
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