I use my Nokia 770 as my primary e-book reader, via the FBReader software. This is missing some features (e.g. bookmarks), but it supports many non-DRM formats and is very customizable. There is no way to read encripted books on the 770 or N800. The sreen size and resolution are what make them outstanding pocket-sized e-book readers. On the other hand battery life is not outstanding, I have not tested it but probably 4 hours without WiFi.
FBReader only runs under Linux, but if you have a Windows PC and want to try it out it is possible to run Linux/FBReader via VMWare (see a post on the FBReader Google Group).
If you want a N800 to replace several devices, make sure first you are OK with the Linux based software it uses. It is very good for web browsing and e-books, not necessarily full featured in other application areas.
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