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The question is whether the stores can get enough demo models in when the Kobo launches in the US properly. Before I'd played with the Kobo I used to think that Wifi, touchscreen, and so on would be worthwhile. After having the Kobo for a while I now realise that I wouldn't pay a cent for those features. They are features, not benefits.
I've downloaded epubs through an ipod touch (under stanza), but of course when searching the internet I'd much rather use a computer. And if I'm paying for content then I want that content stored on computer and able to be backed up before it goes on to my Kobo. As for reading, all that matters to me is light weight, good battery life, clear screen, and a button to go to the next page. I can't possibly imagine how a dictionary would be useful, but perhaps some people would. A replaceable battery might be useful, but all too often replaceable batteries tend to have smaller capacities than fixed ones in my experience, and let's face it you could actually replace the battery in a Kobo, although it's much more likely that you'll be upgrading to another model by the time it's dead.
Obviously the Kobo will come down in price, but I don't think it needs to be $99 tomorrow. If the (technically) minor issues it currently has about font sizes, battery life, jump-to-end, and the ropey desktop app are fixed it will be ideal.
In speaking to semi-techy friends, I'm seeing that the experience of an e-Ink reader is a very good one, and there is going to be a serious increase in takeup this year. The most significant things we need now are library ebooks, more books available (like the 2 million claimed), and better software. But I wouldn't give up mine for anything, niggles or otherwise...
[drivel mode: off]
Charles
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