If you read the article linked to in the thread "Kobo VP replies to issues" you'll find this about the short battery life:
"This was a software problem rather than a hardware one. Even when the device is in sleep mode, there is a negligible amount of activity on the device. The bug: in some situations, power consumption wasn’t tapering off as much as it should have when the device went into sleep mode. We found the bug and fixed it, so people should be able to get the 8,000 page turns they were expecting."
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