Lately I've been using my Airpanel 100 to read PDFs. It's quite usable for scanned PDFs as well as text only PDFs. While the screen isn't fingertip friendly(mine are too big), it is possible to use a fingernail to scroll the page. Screen refresh is slow compared to a PC, but it's still faster than Eink.
I would not recommend it for image heavy or multi column PDF, however. The images are rendered one at a time, and repeatedly scrolling up and down on a single page might be frustrating.
Instead of the v110, you might consider the Airsync v210. It has almost identical hardware, but no need to hack it. The best way to find one on Ebay is to search for "airsync", and then save the search.
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