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Where did you read about new models? Their top range model the Kobo Aura H2O is a new model, less than six months old. The standard 6" ereader, the Kobo Aura, has been out for over a year now and so there might be an update coming there but there's not been any news of it?
If expandable memory is a must and you therefore rule out a Kindle, the Aura H2O would be my choice.
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