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The Pocketbook 301 may be of help, I have a PB 360 and the firmware is flamboyant (both devices share the same firmware BTW). It's a bit over your budget, sadly ($275 in Dulin's Books), but it allows dictionary support which works very fine from what I have experienced in my device; the PDF support is very enhanced with the last update (from nigh-unreadable to really fluid) and the device's firmware (from its hardware I can't speak) is rock solid: only today, a good month after buying my device, had I the first hanging, and they're fixing the firmware's bug which causes it with the promise of having the bug fix ready in a matter of days.
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