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I have both the Oasis and the Kobo Libra. IMHO the Libra is as good or better in some respects and a bit worse in others, but all in all, the experience is not terribly different. I love both of them.
Kobos are easy to customize with the help of detailed instructions here on MR. Mine is rather heavily patched and I know zilch about programming or coding. The screen of my Oasis is perhaps a tiny bit better, but the difference is pretty minor (and I usually notice such things). The Libra screen is also very good. I don't find myself missing my Oasis while reading on my Libra.
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