I fear I have to agree with everything firekat says. Though I'm an eternal optimist what these videos show is a painfully slow experience. Even if the price were a fifth I would probably stop using it after a couple of days. Though the Nokia 770 has a much smaller screen, with FBReader, page turns are instantaneous and it will have to do for me until eInk technology matures a bit. My only hope is that Henrycat's videos show particularly unrepresentative files struggling with a particularly hobbled OS and/or application software. It is now up to iRex to release some footage to show us a "properly" functioning device. The delayed release date is indeed beginning to make sense!
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