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Well you can read library books on your Kindle. It takes running a script to break the DRM (which may or may not be legal) and converting the file (if it's PDF or ePub). Calibre works well for that. Sometimes the conversions aren't perfect but I've found them to be quite legible. The most annoying thing I've found is that sometimes the page numbers are stuck in the text. Maybe I could find away to get rid of that with Calibre but I haven't tried. It's easy to ignore. If a book is Mobipocket, you just strip the DRM and you're good. You could also use a script which preserves the DRM but lets the Kindle read it. Most of the library books are PDF/ePub, though. So it is a good deal easier to get them on your Sony but not all the difficult on the Kindle.
Personally, I prefer the Kindle because I find search and dictionary lookup to be essential features but I don't read graphic novels on it. The annoyance of having them not look right might outweigh losing those features. The wireless for me is less about net access than it is about being able to get books easily pretty much wherever I am. Web browsing on eink sucks. I'd rather use my phone. However, Whispernet really changes how I buy books. I love the free samples. I load up on samples and when I find one I like, I don't have to worry about being near a computer to get the rest of the book. I could be on the train or at the park and still get my book. Aside from the convenience, this saves me a lot of money because I don't buy a book until I know I want to read it. I don't buy something I think I might like. I know I probably will because I've read a whole chapter or more of it already. I've finished every book I've bought. I cannot say that about paper books. If I had to load all my books from a computer and I didn't have big free samples, I'm sure I would end up buying a lot more books I didn't end up liking. If you don't plan on buying many books, though, this may not be such a big deal. I do buy most of my books so it's huge.
Of course, you will be having an iPhone. Does that let you do the samples at Amazon? If so, you could get samples from Amazon and buy them for your Sony. You could buy the books from Amazon and strip/convert if they're .azw (not .tpz or .azw1 - most are .azw). If you buy them from Sony, you won't be able to strip the DRM off .lrx and convert to read on your phone. It's not broken yet. But you could buy books elsewhere and read on both. Of course, with the Kindle you could easily share the book between both devices and it would track your bookmarks. It's a nice feature.
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