Quote:
Originally Posted by BookishMom
Speaking to just the part of your question about which one (Sony or Kindle) -- I own a Kindle 1, and have been researching the Sony 505 quite a bit, but don't have hands-on experience with it. From my experience with the Kindle, and what I've learned about the 505, I think it boils down to this: if you plan on purchasing many of your ebooks, get a Kindle (due to their better store and instant downloading via Whispernet). If you plan on borrowing from the library more, get a Sony (505 or 700) due to its compatibility with DRM'd ePub and PDF ebooks.
I hope this helps. 
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Definitely a good summary of content differences but there are pretty large functional differences between these devices that may matter. For instance, the Kindle has search, highlighting, clipping, annotation and dictionary lookup. Plus Whispernet brings Web and Wikipedia access as well as wireless delivery of content. The 700 has the search, highlighting and annotation (not sure about clipping) but no dictionary. The 505 pretty much just shows you books. The 700 and the 505 have better content organization than the Kindle, though.