I went for an H2O, for reasons of a bigger screen.
If the screen of the h2o would be 6", it would have somewhere between 285 and 295 DPI.
I doubt you'd notice any difference between it and the 300DPI version hd glo.
The 0.8" screen size increase did a lot more for me, than the larger DPI of a PPW (or hd glo). It was for me the minimum size for a pocket novel replacement, the kinds they sell in airports.
To each his own, the low price of a GLO HD might be attractive, but for me, I'd rather had an additional 0,5" to 1" of screen size added to the h2o for the price of it. I got mine cheaper though...
The operating systems are nearly identical between the two.
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