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This is where figures and tech specs can be misleading. I don't think the screen on the Kobo Aura looks better than either the basic Kindle nor the Kobo Touch, as its not a good example of a lighted e-ink screen. A far better upgrade would be the Kobo Glo HD.
If the OP doesn't want a lighted screen, the only big plusses of the basic Kindle over the Kobo Touch is the fact that its better supported (since its new while the Kobo Touch is about 4 years old), it will feel a lot faster as it has a faster processor.
Side by side the screen might look a little better (I am sure Amazon improved the contrast on the Kindle over the original 'basic' model when the previous model was released) whereas the Kobo hasn't been updated. But even if that is the case, its minimal and there will be very little to choose between the screens.
Also, there are definitely not the same font options available on the Kindle compared to your Kobo. So unless you are looking at changing for reasons other than the screen, no, it's not an upgrade.
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