My v1 iLiad gives me about 10h reading time - I read for a couple of hours a day and recharge perhaps every 3-4 days, when the battery meter hits about 1/4. The v2 has a battery with 20% more capacity. If you use WiFi or the touch screen a lot, you'll get lower life (eg if you constantly use the annotation feature, it'll probably go down to about 6h).
The only "problem" with battery life is that iRex originally stated a battery life of 20h, and it's never reached that. Personally I find the battery life to be more than adequate.
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