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Not the H2O, but I'm using daily an even older Kobo Aura (the original 6" device), although I must say I bought it second hand 2 years ago or so, after my first same model died of a broken screen, I don't know how much use it had previously.
As long as the battery holds up a charge, and the screen doesn't get broken, these ereaders are pretty sturdy, I still have my Nook Simple Touch (without light), and my first ereader, a Hanlin V6 (a model previous to the first kindle), I charge them from time to time and see that they still start up without problems.
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