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I'm not voting because I don't have the 505. I'll tell you why I chose the 700 though. For me the difference in screen contrast didn't seem all that dramatic as a new user. We'll be using this device in our homeschool so that my kids can access the public domain books, and also for my personal reading and scripture study. Any device that doesn't have collections is almost useless for me. I have to have the ability to make notes, and speed is important. I also want the ability to change SD cards for the kids, so that the unit is customized to the user.
This for me eliminated the kindle and the 505.
I think most of the 505 users probably don't need the same features as many of the new users do, or they probably would not already have a reader. Chances are that those who purchased the 505 weren't looking for any of those features so of course for them the screen contrast will be a deal killer, but that doesn't mean that the 700 is inferior simply because of that issue.
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