I've had mine nearly a year now.
I both like and dislike it...
I love the idea of being able to have all of my books on one device and was pretty sorely disappointed when i realized that this isn't practical on the reader.
I have no clue why Sony decided to make the operating system so clunky, but I have now installed PRS+ and the reader is now approaching what I expected it to be.
So, the hardware is good (love the screen and aluminum chassis) but the supplied firmware is disappointing.
Thanks to the PRS+ team and Kovid Goyal's Calibre, I'm pretty happy with my PRS 505
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