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Fortunately, when I discovered the Sony, the Kindle wasn't yet available. Although I still think I'd have gone with the 505 which, BTW, I prefer to the 300 or 600. Haven't had my hands on a Nook yet nor the Sony Daily Edition so can't comment there.
I was going to get the 500 right after I discovered it in mid-07 but an anticipated gift certificate did not materialize for my birthday so I postponed till just after New Years 08 and was glad I did. Not only was the 505 a great improvement, I, by dumb luck, happened to walk into a Sony store ready to pay full price only to have the salesman offer me a window display for 40% off. It was in perfect condition so I grabbed it.
BTW, you might consider that. If you're near a Sony store ask them if they have a window display want list. If so, sign up and they'll call you after the holidays if your name is at the top of the list.
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