I have read three books on the reader in the last two weeks.
I enjoyed it, I really like the screen and after a while I forget that I am using a reader - the best that I can say about the reading experience :-)
I tried to use the dictionary just to test it; it works, I am not very satisfied with the contents, since it just gives a list of synonyms and no definitions, but as far as I can tell the software is ok.
I am using 2.0.0B, but I cannot really say much about battery duration, since the reader kept switching off between my reading sessions. I found the option in the settings and I just disabled it, so I will be able to say something more about battery duration in a few days. I found it irritating that there were no intermediate value for the switching off between 120 minutes and "never"; I would have set it to 24 or 48 hours, for example, just to stop an eventual draining when I don't use the reader for one or two days. Anyway, let's just check how long it lasts with normal use with switchoff disabled...
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