I was just going through the kindle 2 user guide posted at amazon, and it says
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At the bottom of every page of your reading material, you can see where you are by glancing at the progress indicator. As you progress further into the content, you will see a solid bar growing longer. The progress indicator also shows structural marks within content such as chapters,articles, or bookmarks.
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Does this mean it will show me how far I have to go until the next chapter? no more guessing. I also like that it shows a percentage now.