Firstly, I'm not sold on the size. For a bigger reader I think A4 would be what is required especially for what will be read on it. I can only see a bigger eReading Device being used for reference materials, comics, and, when the industry sorts itself out, periodicals. In that respect I voted for colour and some sort of stylus. Although some sort of wireless communication would be a good idea for periodicals.
To work with reference material the software will require a lot of specialization, just for note taking and better bookmarking. A lot of the other options make this device into a MID and I would prefer the developer to focus on the eBook reader software than stuff that you will be able to do on your $100 Android MID from China.
Drop the bloat. Stick to what you say you are going to develop. An eReading Device.
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