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I own both a Gen 3 and a Bebook. I purchased the Gen3 first, and relegated it to dust-gatherer status. Why.
1. I don't buy DRM'ed files, so DRM'ed file performance doesn't matter to me. With the Gen3, nothing else works particularly well other than Mobi/PRC files. Most of my files are either RTF or HTML. Gen3 can't handle RTF at all, and handles HTML poorly. Bebook can handle both.
2. No folders, or equivalent file organization feature. The real power of an e-book reader is in the availability of large numbers of books on the device. I keep over 1000 books on my Bebook. That would be hopeless on a Gen3.
3. Typo editing. I can't edit PRC files as easily as I can RTF or HTML. I run windows as my computer operating system, so I have notepad and wordpad always available (on any windows machine) to fix typos with. I hate typos, and tend to run my e-books through spell checkers before I read them.
4. I have a choice of system firmware on the BEbook. I can run the native operating system, or I can run the open source operating system OpenInkPot (which I do because I prefer it's performance). I have no choice on the Gen3.
On the other hand...
1. Gen 3 looks spiffier. The Bebook has a old industrial look about it.
2. Both have deluxe covers for sale, which hide the look of the readers anyway. The gen3 has a better cover, but the Bebook's is not too far behind.
In the end, I went with the one that works with my files. That was the Bebook....
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