I've had my 505 for nearly a year now, and I'm still happy to read pbooks, if there isn't an e version conveniently to hand. My preference for ebooks is demonstrated though by my intention to start converting some of my very old Penguins (2/6d or less!) to epub via scanning and editing.
Love:
carrying my entire security blanket, sorry, library around with me;
being able to eat my lunch and read without dropping the book in the gravy;
the pages don't go yellow and brittle;
can bookmark LOTS;
can correct the typos if item is not DRMd
Don't like:
not being able to flick through the pages;
the 505 is nbg for illustrations;
referring to endnotes is clunky;
For me, pbooks will still win out when the content is heavily illustrated (imagine trying to look at an Ansell Adams photo on a 505); otherwise, the liseuse wins hands down for portability and convenience.
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