I suppose it depends what you mean by "many books". I currently have about 320 books on my Gen3 (using just over half the internal memory) and I don't find navigation to be difficult at all. You wouldn't want to have 1000 books on it, but there again, why ever would you want to? I keep my main eBook library on my PC, and have on my Gen3 probably my next year's reading.
Both the iLiad and the Gen3 automatically store your current reading position in each book. In addition, the Gen3 allows you to set "bookmarks" in a book; the iLiad doesn't.
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