Well, I have no experience with Kindles although I understand they're perfectly capable devices. In some ways, they're better then Kobos as I understand it. (Particularly if using a dictionary is important to you. Kobos have dictionary support, but many people claim that the Kindle's is better.)
I have a Kobo Aura H2O, and I love it. The advantages to me are:
1) Epub support with Adobe DRM. Amazon doesn't work with Overdrive to do library loans in Canada. I've read well over a hundred library books on my Kobos.
2) The 6.8" hi-def screen is perfect for me.
3) I'll admit that dust & water-proofing is a nice add-on. I have in the past gotten caught in the rain with a Kobo in my jacket pocket. Made me nervous. Now, not so much.
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