I have a Aluratek Libra Pro and it can use epub format. I have downloaded from my local library and it works fine. Costs $100, but lets be clear about what you are giving up when you get the low price:
1) Kindle has a search function I do not
2) Kindle can be customized for you, mine can not
3) Kindle has a wireless option, I do not
4) kindle has a dictionary, I do not
5) Kindle can take notes, I can not.
For your requirements the Libra Pro will work great.
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