Welcome to MobileRead, kindlelvr.
Me, I don't take notes on books I read. So I can't help you there, however, I can say that if you got one........and it wasn't what you wanted, you have 30 days to return it, no questions asked, just pay return shipping. Download to your hearts content, (freebies available here and other places) use the note taking feature, whatever.
The nook, won't be available until Feb 12, and there is a 10% restocking fee, with a 14 day return window.
While it is the "newest kid on the block" and its pretty, there are still some bugs to be worked out. Customer service seems to be lacking right now also, but I think if BN gets its act together it could be a contender in the future.
Enjoy the forums.
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