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I would like a reader that I can pretty much purchase books from wherever and have it able to read the format.
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That statement should orient your decision to the PB 360. It is more expensive, but it swallows everything. EPUB, DRM-less Mobi, PDF (surprisingly well for its 5 inches), FB2 (this one is read even if it is compressed in ZIP), HTML, DJVU, you name it. God, it even reads TIFF and PNG image files.
And except for the PDF files, which are read fine but with no frills, the third party mod for the reading software allows you to finetune everything, as kacir has detailed.
I might strike as a fanboy, but the PB360 deserves it.