I love my 505 - though I do see faint striations on the screen when it's turned off. Like many I got it for $199 at Borders and I think it was a great purchase at that price.
I don't have a real problem with LCD - I own a few LCD devices, though not a Jetbook, and have done a lot of reading on them - and the Jetbook hardware seems pretty solid from everything I've seen. I know it's good enough to have attracted an enthusiastic fanbase if nothing else.
I'm less impressed with the company, and for me that's an issue. I'm still glad that there are options for everyone to have the device that meets their needs best, no matter which device it is.
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