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I've been saying that I wanted to hold out for the PW3, but considering my Nook fried its battery (and the page-turn buttons are broken too...bad week for my ereader), I've purchased a Kobo. I would expect the PW3 to be the same as the PW2, though with the extra space. Frankly, Kobo's 4GB storage is what made me buy it over the PW2. There's not much else to improve, so extra space is a good step for them.
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