Your cheapest option, if you aren't wedded to eReader format, is a jetBook. Ectaco, the manufacturer, makes translation software and electronic dictionaries. They read almost every format you can imagine, except eReader. It also doesn't do DRMed files. The dictionary is very good, though. In either 3 or 4 languages (I forget) out of the box.
Regards,
Jack Tingle
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