I have three plus an iPad.
Kobo Mini - This was my first Kobo. I love the small form. This is my secondary reader, usually only in use while the HD is charging. I also take it with me when I'm out and about for appointments and errands. I didn't care for the soft back but it is always in its cover, so not a real issue.
Kobo Aura HD - My favorite reader. If I'm not using it, it's on a table next to me or charging. I can't think of one negative.
Kindle 4 - I bought this in January as I was curious. It seems as if the screen is lighter than either or my Kobos (when HD light is off), more of a light gray color, whereas both Kobos look almost beige or khaki. I accept this could be, and probably is, just a personal quirk of my eyes / vision. I like how streamlined it is, even in the Amazon branded case. I'm not a fan of buttons but that is how it comes and they function just fine.
iPad - I don't like reading books on it for any length of time but it is great for magazines and comics.
I think Kobos and Kindles are pretty much equal, neither is a bad choice. If I didn't already have a Kobo library I could see myself just as happy with a Kindle, though I would want a PW.
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