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I live in the US and have never come close to buying a Sony because I originally regarded the need to convert everything into a "closed" format onerous. So I have been using MobiPocket as my target format on multiple devices. However, I now find myself increasingly converting from other formats to MobiPocket (even when a MobiPocket version is available), and if I had a choice for DRMed books I would buy a LIT version over a MOBI because it is a better format (i.e. a better rendition of the original OEB format). Starting from LIT, the two devices are about equal with perhaps a slight advantage to the Sony. If Adobe Digital Editions on the PRS-505 is done right, it may decisively shift the balance in the Sony's favor. However, future software often sounds better than actual software - so I would not base a current purchasing decision of promised future software upgrades.
Overall, this is a choice between two excellent devices. If I had a PRS-505 on order, I would go with the bird in the hand.
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