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One of the main factors that led me to choose the Sony Reader (I purchased my first one before the Kindle was released) is that I can put my own ebooks on my reader without having to go through an external agency. Among the types of ebooks I like to put on my reader are stories that I've written so I can read and review them. A related factor is that it supports many common ebook formats so I can make my own ebooks for my reader.
When I first heard about the Kindle, it looked interesting. Unfortunately, the one thing that made it a "no go" for me was the requirement to send my ebooks to Amazon so they can put them on my Kindle (this may not have been true or may no longer be true, but that is what I understood when I first heard of the Kindle). For me, just the possibility that that might be true was not acceptable and it caused me to not consider the Kindle when choosing to upgrade my ebook reader (I chose a Sony PRS-505).
Although my Sony Reader isn't as fancy as the other ebook readers on the market, it does a terrific job as an ebook reader. When I upgraded to the PRS-505, it added features that dealt with the main limitations I found with the PRS-500 (such as not being able to quickly go to an exact page, and not being able to put collections on a memory card).
Although there are some features I'd like to see added to future versions of the Sony Reader (such as the ability to select a display typeface for all plain text and RTF files), I've been very pleased with my PRS-505. It is likely I will stay with the Sony Reader when it comes time to upgrade once again.
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