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Do you like/love it?
Netbooks are great - they offer most of what a laptop can do in a much smaller, lighter package. Perfect if you are travelling, also handy as a second PC in the house. Or often even as a main PC if you attach a USB keyboard/mouse and external monitor.
Do you read your books on it? How is that experience?
Not really, I use my Sony 505 reader. You can read eBooks of course but they suffer from the same problems as reading them off any regular LCD screen and it's compounded by the often lower resolution (1024x600 is common) which limits the number of lines of text onscreen at any one time.
What are the downsides? (Besides the obvious lack of storage/memory)
Depending on the Netbook there isn't really a lack of storage or memory. They will typically take standard 2.5" drives and >1gig of memory, the same as any laptop. The real downsides are a smaller than average screen and a smaller keyboard.
IMO these are acceptable when travelling and can be alleviated by external keyboard/mouse/monitor setup when used at home.
Which one do you have? Why did you get that particular one?
I have two - Samsung NC10 and Acer Aspire One. Got the NC10 because it was best in class (battery life, build quality, screen, keyboard) and later picked up the Acer when I saw it available in a fantastic clearance deal, just couldn't pass it up. The Acer isn't as good as the Samsung overall but it is smaller and is just as capable for computing on. I would recommend either.
what is your power source, do you have to find a 'hot spot' for free internet access when you are out an about?
Power source is either battery or mains, as suits the conditions, the same as any laptop.
There are quite a few hotspots around but I often as a 3G dongle for wireless broadband.
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