Thanks, I love it so far! But I like the PRS-500's prev/next page buttons placement better, especially as I often like to hold my books with the left hand..
About the mobipocket reader - I can't seem to find the option to convert books - I can open the html/txt/etc. files just fine, and I see the Convert tab in the settings window, but how do I actually convert a book?
As for the LED - I don't think it will bother me that much, I mostly meant to turn it off to add a few more days to the battery life. Though I guess everytime I press a button a lot more power is used by the processor/display than the LED anyway so I'll just live with it.
And I already have a cover - bought the reader from WHSmith and it came with the standard cover.