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I actually already bought a 5 month old K1 off Craigslist for $200. I didn't see any cheaper than that locally and ebay auctions were closing around $235 when I was trying to bid on a couple early last week.
I like it a lot. The design isn't nearly as ugly as it looks in pictures. Only gripe people had that I'd agree with is the accidental page turns due to the location and size of those buttons.
No regrets and it will hold me over for a couple of years until their are better readers out (color etc.) at lower prices.
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