I doubt that a new 5" reader will be released. This reader was dumped on the market last year. That happens. On the other hand, Kobo was very successful with the Aura HD.
To reduce the demensions of an ereader developers should reduce the bezels of the device not (necessarily) the screen size.
I'm sure that the demensions of a 6" model with very small bezels would match or would be very close to the demensions of the discontinued 5" model.
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