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I have one Kindle 2 with...and one K2 without...
The reading experience is equivalent on each.
I did (after a week or ten days) make use of the "folders" option to create a variety of collections.
My wife, on the other hand, couldn't care less.
Frankly, I don't think this update is worth all the gnashing of teeth but I do understand that folks get excited about enhancements to their gadgets.
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