radleyp, I agree with you that the first review is pointing out some severe drawbacks. However I think you should also not forget the greatest thing about it it - its display. Some people, like myself, use their PDA 90% of all times for book reading. A almost-1sec-delay when turning pages I can live with; it also takes some time to turn the page of a paper book.
I am almost sure I will buy the device, under one circumstance: that someone will manage to write a software that allows you to convert your *own* html texts to the ebook format the Librie understands. Then I don't care about the 400 whatsoever book titles currently available in Japan.
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