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Mostly...the $200 price tag. Yes, I had an original Kindle which was $360 at the time, but that was ages ago. My sweet spot for an ereader is $80-125. Any more than that and you are easily in tablet territory.
As for the 300 ppi...eh, whatever. I am so extremely nearsighted (my glasses prescription runs to -11 with 2.75 astigmatism on top) that as long as there is good contrast or I can crank up the font size, the better resolution doesn't do all that much for me.
The hapatic page turn buttons DO interest me...I like physical page turn buttons (which is why I am still using a K3/Keyboard) but ... again ... $200. meh.
I plan to watch for a flash deal on a Touch or a Paperwhite around Black Friday/Cyber Monday.
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