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I was considering the Kobo as recently as a couple of weeks ago, also falling into the category of people who don't feel the need to spend money for a few extra features. With the price drop, however, I feel buying the Kobo now no longer makes a lot of sense. I wasn't willing to pay an extra $110 for the nook before, but with the price being identical, more features does, indeed, equal better, at least for me. Simply put, it's better value for money, which is never a bad approach.
I agree, however, with what SensualPoet said about choice. Manufacturers -- particularly the larger ones like Amazon, B&N and Sony -- should offer more variety to consumers. The Kindle is a perfect example. At $189 you have quite a good reader with a strong feature-set (apart from poor format support), then you have the DX for nearly triple the price,* and nothing in between.
* Well, it's more like 2.6 times the price. But still...
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