Seems iRex now has someone to mess with. If the power-management in the PRS500 works as described by some of the "big ones" here at mobileread, iRex has definitely something to learn. Although the hardware is not that easy to compare. iRex already mentioned somewhere that the Wacom screen is a little bugger for power-management. (power-management with Linux is hard, even if you are only a user, you only need the wrong hardware and you are lost, although they made great progress in the last years.)
But that should not hinder them from publishing the sources.
I wouldn't have thought Sony would have the guts to publish the sources, but it looks like they learned from their past.
BTW: If I would order a Sony Reader, I think I already know what to do with the iLiad. And it will not be getting back the money, but donating it, to "you know what".org