I love the 505, but for textbook reading, I wouldn't recommend it. It doesn't have note-taking capability, and from what I understand the screen size is likely to make reading PDFs of your textbooks difficult. I believe larger-screen readers are generally recommended for textbook/technical reading, but I've never used one, so I can't say.
I do believe the Sony 600 and 900 support note-taking, though screen size is still an issue. You can read periodicals on e-readers, but having never tried that I'm unsure how well it works.
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