I took the plunge and updated my KA1. I like the new home screen better than I anticipated. I miss having reading stats on a permanent tile, and I don't like the new way of counting books as finished. I also miss annotations on the home screen. I'm glad that reading time is fixed again. Highlighting text also seems more responsive. There has been a significant improvement from the original firmware that shipped with the KA1 at initial release.
A few other complaints:
1) When you open a book from the home screen, Kobo should make the screen automatically refresh. The ghosting from the large images on the new screen format is annoying.
2) I like the old format of 3 rows of book cover images that has been reduced to 2 rows now.
3) I wish when you are in a book that the upper left had a home (or previous) icon rather than a drop-down menu.
However, overall I'm happy that I updated.
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