hpink, Harry is right on. I've read on my 505 for hours with absolutely no problem. I used to read on an iPaq but the light shining in my eyes got to be annoying. If you can get to a Sony Store or Borders or Target, compare teh two side-by-side.
I prefer the 505 for its better contrast and don't have much need for the built in light on the 700 or the touch screen for that matter.
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