I have a K2 and was going to buy my wife one for Christmas. Instead, I got her and my 3 kids the 32GB Ipod Touch. Now they all have the Kindle app installed and can read and buy kindle books on my account.
GOOD NEWS: Purchase one book and 4 people can read it!
BAD NEWS: Taking crap from my teenage boys for having the ENTIRE Twilight series on my Kindle account and having them shown as all read!
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