I'm in the same boat. I compared the Sony PRS-505 to the Kindle 1.0 and bought the Sony, without realizing the Kindle 2.0 was on the way. I'm still happy with my decision. The only reason to prefer the Kindle, (for me anyway), was the availability and price of books. Fictionwise has relieved much of the pain.
If Sony abandons the reader, I can add my PRS-505 to my collection of Betamax tapes. Given Sony's sales and marketing overseas, (in relation to the US), they seem to be flooding the foreign markets prior to the arrival of Kindle. I suspect the Sony reader will survive for a year or two at least.
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