I'd be all for a reflective display, if it were actually good.
Since currently available reflective displays are all pretty awful though, a good quality backlit LCD may be the best choice in the near future. As interesting as Liquavista and Mirasol (or even Pixel Qi) are, they're not available in real products. So far, E-Ink and Sipix and all other commercial electrophoretic displays are rubbish.
For a lot of people, backlit LCD will be fine for several hours of reading at a time, assuming Apple can render fonts readably.
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