I like the overall idea of something like this. But from skimming through the posts in this thread, GoodEReader's previous campaign was something of a failure. Somehow, that doesn't surprise me.
I think releasing this prototype with what looks like an almost stock-android is a mistake. Those animations and refreshes are like a psychedelic nightmare as the eInk screen races to catch up to the graphics display. There are a couple ways to handle this programmatically and to make the device feel a lot faster. PDF is the elephant in the room unfortunately, and like Flash, it is a widely-adopted, sub-optimal Adobe innovation.
The scary thing about this is that Sony's DPT-1 is already out, and for a company like Sony, lowering their price from $799 to $650 would be nothing to them, and instantly put this effort out of business (if someone has already stated this, then I agree with you!). Thus, the "market research?" comment I saw earlier.
I like the spirit of this but not the execution.
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