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Hi Chris,
That's a fairly good summation, I think.
For what I envision doing (mainly, at least at first) on the eDGe the popular new Asus 10-inch convertible-to-tablet netbook would do the job. It's even the same weight and price. But a) no e-ink, and LCD screen text goes blurry after a few hours of reading for my middle-aged eyes; b) the Asus has half the screen real estate; and c) the eDGe has far better battery life when just using the e-ink half. Granted, the Asus net-tablet is a more powerful computer (Win7 vs Android), but I have my desktop for computing power.
I, too, considered the eDGe an oddity, suitable for (perhaps) only a specialized audience like academics. Then something clicked and I saw how it would work for me.
It's absolutely not for everyone, however. Even I will turn to my iRex DR800 for casual reading instead of the eDGe.
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