I've been using both: a 505 Reader (almost 2 years, ??? books) and a 300 Reader (1 month, maybe a dozen novels so far). The reading experience is very similar on both--I don't really notice the extra page turns on the 300. (A typical book may have about 800 pages on the 300 vs. 600 pages on the 505.) The 300 is much more portable for me--fits in my front pants pocket. Still like the 505, just not as easy to carry around.
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