Same problem
My PRS500 developed the same symptoms 4 days ago. I spoke with a Sony rep on Sony chat and he had never heard of this happening before. After leaving it off for 24 hours, the problem temporarily resolved, but today it is doing it again.
I'm trying to decide whether to replace it with a 505 or switch to the Kindle 2 or maybe the new Kindle DX.
I can still read my sony books on my laptop.
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