Wow -- you don't like the display on the 505? I'm surprised -- I find it to be the best display of any of the Sony readers. I've owned the 500, the 700 and currently the 505. I passed the 500 over to my wife, who never uses it, and I sold the 700 in order to buy a 505. I'm thinking of buying a second 505 since they are still available at e-bay brand new, just to have a spare.
I love the 505, and I don't find that speed is an issue with the books I read (fiction downloaded from manybooks.net or from this forum or just plain text files I've modified from project gutenberg.) I wouldn't enjoy reading PDFs on it, and I don't generally download books which have illustrations, so perhaps the speed thing is something I haven't run into. Yes, the 700 was faster, but I have no problem with page-turn speed on the 505, and the battery life is so much longer between charges.
I agree about how none of the current models are all that great, and am waiting breathlessly to see what new ebook readers will appear in the next few months or years. It's obvious that the ebook market has reached a minimal critical mass so that publishers are paying much better attention to it, so I'm not worried about it disappearing anytime soon.
But I wish the eink makers and their competitors could get their act together and come up with a touch-screen version which has the clarity of the 505.
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