As for me, I am happy with my Kindles and their limitations don't particularly bother me. One of my biggest peeves was the lack of font-weight options and that was added with the latest update.
I do have quite enormous library, but I don't need or want to keep all my books on my Kindle, nor do I feel the need for sophisticated folder systems. I do all the managing part in Calibre, and keep my back-ups in Dropbox and on external drives. I load only the books I want to read most to my Kindles (yes, even that number is a couple thousand). While doing that I also generate a Calibre catalog of those books which I also load on the Kindle. So whenever I want to find something new to read, I browse my catalog, no need to flip hundreds of library pages on the Kindle. I also use Calibre metadata plugboards to send the series info over.
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