Great Review and I completely concur!
I worried about putting my ebw-1150 aside for the Sony 700, but have been very happy with my new Sony. I wish the buttons were in a more convenient location (I liked the side buttons on the 1150), I very much miss the dictionary look-up of the 1150, and would like the lighting to be a little more powerful to reach the center of the screen, but otherwise, I am thrilled with my reader!
I also like the fact that I can create bookmarks with comments using the Ebook Library software on my laptop. I have started bookmarking the first page of a new ebook with a short summary of the book (usually the one from the estore where I purchased the book) and then editing it with a "Read" notation once I have read the book. Creating it on my PC before I download the book makes it easy to copy and paste! I would warn against using the Sync option, though. It has caused me nothing but headaches!
Kaz