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It is 12-15 hrs when on, but because it takes ~45 seconds to boot I tend to leave mine on unless I know it will be unused for a while.
You don't need to use the touch screen for reading ebooks, only for infrequent operations like TOC navigation or changing the font size.
Unless the NYT has a PDF version I don't think you can use wifi to get it. Or perhaps this is possible via Calibre and its web service. If you have a Kindle subscription I think it is just a MOBI (AZW) ebook and will therefore work on the iLiad but you have to get it on the device first (and perhaps strip DRM, although why a daily paper would have DRM escapes me).
As HarryT says, the MOBI Reader is very basic but it displays text and looks up words in (some) dictionaries ok. I prefer FBReader, which also does not display the cover and it does not have dictionary support, because it gives much finer control over the appearance of the text on the page.
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