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I think the 505 is holding price point because they are becoming harder to come by, many stores ran out of stock and sony stopped production of them.
Maybe wait until the 300 and 600 come out and see if you can get good price on it or try another type ereader.
EA does the same thing I do, I convert all my ebooks to the font size I like from start so I don't have to wait for zooming conversion, but it is only a one time thing for the sony, once it converts to the 3 font sizes on the reader, it's fast to change for that book in the future. I have experienced the same thing on showing the ereader to someone else and they push the zoom feature on a 1,000 page book that I didn't zoom yet and it takes a long time the first time.
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