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I own too many readers and what I like about the Kindle as compared to the Kobo is:
1. Dictionary - Kindle has one the Kobo doesn't. Even reading modern popular fiction I find myself looking up all sorts of words that I wouldn't if I had to use a paper dictionary.
2. Whispernet - If the dictionary doesn't give me enough info then I can go to Wikipedia. I can also quickly and easily download Amazon content from anywhere I have coverage and you don't need 3G.
3. Navigation - Don't overlook this, especially if you read periodicals or feeds. The five-way controller stick allows me to jump from article to article or quickly navigate to a TOC.
On the other hand:
1. Kindle does not support ePub (which IMO is a superior format than mobi/axw). Converting DRMed ePub for the Kindle requires removing the DRM. Once it's set up on your PC it's trivial to remove but the setup takes a bit of research and loading of programs. Converting nonDRMed ePub is trivial with Calibre.
2. The Kindle costs $100 more than the Kobo.
3. The Kindle is bigger and heavier than the Kobo but not by a whole lot.
With either you are *not* tied in to any bookstore especially if you read books without DRM.
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