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I'm moving from Sony 505 to iPad for reading as well. They made the sale when they announced that the native book app would support DRM free ebooks so I can buy from wherever I want and then convert it to DRM free ePub (if it is not already there).
I went with the G3 version so I have to wait longer but I think it is worth the wait to avoid remorse for missing the connectivity option and GPS. Would rather have it and not need it than want it and not have it.
-Greg
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