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The trouble with readme is that it won't render ePub files with DRM. I have lots of Kobo books too but all of my Kobo books have DRM. The Kobo DRM-free books I've looked at are all for reading on-line. readme only costs $1.99 so you could try it with your DRM-free books if you like, or you could just import them into iBooks. iBooks is a very nice book reader for DRM-free ePub but it won't render books with Adobe DRM.
At present, there is nothing for the iPad that can render books with Adobe DRM. Like ScottJL said, Kobo posted a request to learn if people would like to have the Kobo reader do ePub with Adobe DRM. Most people responded very positively--I didn't post myself but would love that feature too--so there's hope they might upgrade their app in the future.
The Kobo app will import all of your Kobo books by the way but the DRM situation with it is pretty awkward.
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