Assuming this is an eInk reader
1) I'd pay probably $140-$150; maybe a bit more if it's really solid or ... um ... pretty ...
2) Beach and the bath tub reading - doesn't have to be duststorm or flooding, just knowing that my reader is not damaged by a little infiltration of sand or drops of water is enough to make me want it.
3) Color is irrelevant. However I'd like a thin, blue sleep cover available soon after release, please.
4) Features as on my current Glo are fine. Front light is required. But if I'm making my wish list, a huge plus would be ability to open Adobe DRMed library books without using my computer.
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