The Simple Touch might be fine, but just be aware not to be tempted by the Glowlight - 2GB of its 2.5GB memory is reserved for Nook content.
I'm assuming you're in the USA, but if you're not, Overdrive often doesn't do Kindle content outside of the USA. (May be useful for those reading along.)
If you really do need to read pdfs, your best bet is a tablet like an iPad, not an e-ink reader. If you're set on e-ink AND pdfs, going bigger than six inches would be a good idea, but the experience is still likely to be less than satisfactory.
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