You are completely right.
On the other hand:
"I acknowledge the fact that the development of the iRex iLiad isn't finished yet, and that I know that its software is still being developed before it can be considered as fully functional as advertised."
We are the one who will shell out too much money and fight with the problems
to make sure there *is* a second generation of eInk readers. Or we can wait another 5 to 10 years until there is the next "first generation" of ebook readers.
btw: the Iliad made it to slashdot.
http://hardware.slashdot.org/hardwar...3/188243.shtml