I was much in the same boat--Ph D student and soon to be assistant professor (next fall) who reads a lot of pdfs of journal articles.
After researching and thinking more I just decided not to let that factor into my ereader choice. When you boil it down it's just easier to print them out and be able to flip through readily, highlight stuff etc.--even more so when you factor in the display issues for 8.5x11 PDFs with lots of tables and figures etc. on the 6" readers (which I want for portability). And since I work for universities and can print PDFs on the office printers to my heart's content I may as well just stick with that for now.
So I'll just get an ereader purely for books. And I'll probably get the Kindle 2, but will probably wait for a price drop to $299 or less and to accumulate some more $25 rewards certificates from my Amazon Visa.
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