What I like most about the EZ Reader is that it can use Open InkPot firmware. I have been a fan of FBReader since using it for ebook reading on the Nokia 770 Internet Tablet. Open InkPot comes with FBReader and CoolReader3, so it is very flexible for DRM-free reflowable formats. I don't even try reading PDFs, and I would say that PDF support isn't yet up to par under Open InkPot. It is better, but not good, under the standard firmware.
All Hanlin firmwares have folder support, and I make use of this to organize my library. The battery life is very good, and I never turn off my EZ Reader - so resuming reading is very fast.
I have an iLiad (large screen is nice, and it also supports FBReader - but does not typically track the latest FBReader releases), and a Kindle 1 (the Kindle bookstore is good, but the reader software is only average - the K2's reader is a bit more flexible except that it looses the option for full vs left justification). I find I now use my EZ Reader almost exclusively for ebook reading. The other two readers stay in a drawer.
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