I would like a larger screen for letter-size PDF support - but that wouldn't replace my 505 for novels.
In order to replace it I'd need a great deal on a device that provides a better reading experience. Features like dictionaries and wireless downloads are good - but they're secondary not primary features - and so far I haven't really seen anything that's markedly better than the 505. Most of the current generation non-touchscreen readers are about as good - but nothing's standing out as better.
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