I'm happy! This is my first e-book reader. I tried reading e-books on PCs, Macs and smart phones and was less than pleased. This device is so much better. The text is clear, the device is easy to use and purchasing content from kobobooks.com is painless. I'm currently reading a bestseller and enjoying it as much as I enjoy paper books.
There are, of course, a few minor bugs but I suspect that Kobo will fix them soon. I'm also a little concerned about publishers insisting on restrictive DRM and agency pricing but will wait to see how that unfolds.
So far, so good.