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My guess is the first half of 2009. It will have a plastic backing instead of glass and should be more rugged than the current crop of readers. I expect the software to be the same as the V3 with modifications for the larger screen.
Jinke is working hard to improve the software on the V3 including improved mobi, pdf, and ePUB support near as I can tell with PDF and ePUB coming from adobe like was done on the Sony products. (This is a prediction, not an announcement.)
Dale
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