It has been a long time since I have done a reset and do not recall whether books are erased by a reset. I would have guessed they are not. Someone with direct experience will have to chime in. In any case, you can preserve all your bookmarks and notes by making a tar or recursive zip (-r option) of the contents of the documents directory on the kindle.
As for an alternative, as I wrote before, jailbreak. Preople always think they would never have any use for jailbreak but sometimes it turns out there is not only a use but a need.
Back to the reset option. If you have no books from amazon, why do you need to register? in any case, reregistering should be quick and easy and there is no need to reorganize your books or manually redo your bookmarks and notes (if you copy all the contents of the documents directory).
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