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Regarding Wifi, there's not much to really download from their MyiRex site anymore since there won't be any major firmware updates. However, the wifi can also be used to transfer files from your PC to the iLiad instead of having to plug it in via a USB cable.
I like to keep my iLiad upstairs in the bedroom for reading in the evenings, and my PC is in the basement. With the Wifi, I just have to turn the iLiad on at night and have it connect to my network to sync with the PC and download new eBooks. It's mostly just a convenience thing, but not having to run back and forth in order to plug in a USB cable is pretty nice. Whether or not that convenience is worth the extra cost is up to you, but I thought I'd mention it. That's mostly what I use the Wifi for.
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