I'd agree with your summation completely, Adam B., except for a minor quibble with this point:
Quote:
Originally Posted by Adam B.
read many formats without having to convert
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With the addition of Mobipocket format, I count 5 reading formats on the iLiad (PDF, HTML, TXT, XEB & Mobipocket). I wouldn't really characterize that as "many." I wouldn't even consider it many more than the 4 formats the Sony supports (BBeB, PDF, TXT, RTF), they're basically the same set of types of file minus HTML (I'm counting both BBeB and Mobi as the same
type in that they're both proprietary DRM supporting formats, I don't actually think that they're the
same 
).
Of course, opinions will vary, and I do recognize that the iLiad may well get home-brew viewers faster than the Reader, since iRex has actually released an SDK, so in the future the many formats thing may well come to pass, but I just don't see it as being so now.
Like I said, otherwise, I think I'd agree with your assessment of the two devices.