I read educational research papers on mine -- it's the main reason I bought one, rather than sticking with my trusty (and almost new) eBookwise 1150. Most of the readings in my current graduate courses involve a lot of individual articles, rather than a textbook. I can usually read "letter" size without having to rotate to landscape, especially with the 2.9 upgrade, which yields sharper text. I like "continuous" mode. For scanned articles downloaded from JStor and other online databases, I run them through Readiris OCR software first to make a text pdf rather than scanned images, but that's just my preference.
I also use the iLiad as a general purpose notebook, even in classes. I like being able to have all my notes and papers with me at once. There are features I think would make the iLiad even better as an academic tool (I've discussed those elsewhere), but for me, it's quite good as it is.
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