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I guess it just proves to me that single-function devices really need to be properly priced. E-ink is an awesome technology for reading (if you don't read in the dark much), and the battery life is amazing, but I use my portable devices for all kinds of things and this is finally a step in the right direction. The price is perfect for the size and capability. Apple hit a home run in my opinion.
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Personally, I will not read for extended period on anything but e-paper.