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I own both a Kindle and the Sony PRS-505. I bought the Kindle -- at the original price, too -- based on the availability of books at a lower price than most other electronic book stores. I bought my PRS-505 primarily for viewing the books that I am making with the tools and have been using it to read books from Baen and Fictionwise which come in both Kindle and Sony formats. If I had to choose one of the other, the Kindle would win, hands down. It's not as sexy, but you can get skins for it if that matters to you.
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