I returned the Sony Reader. I figured it was about 50/50 that I would when I bought it. Not ready for prime time. Motherfucking Sony restocking fee of $45. Grrrrr.
I think a lot of the people who like the Kindle so much just like the Internet features and your greater ability to dick around with it, as opposed to reading books on it. The Reader has the exact same display and is just as good at actual reading, and it looks better, yet it doesn't have as many fans even though it's been out longer and is cheaper.
I would still love a color, 8 1/2 by 11 reader (so it could read PDFs and especially comics at full resolution).
Reasons:
* Who wants to carry around a $300 "book"? I take good care of books, but I don't want to have to worry about one breaking or getting stolen.
* There's some serious self-deception going on with these e-ink guys if they think the technology is as good as paper. You're reading black on a grey background, which blows. You can still see some fuzziness. The technology is pretty good, but not yet worth the tradeoffs. Plus, reading off a regular, very high-res LCD screen really isn't that bad, except for the light blasting into your eyes. I can read really really tiny text on my phone if I have to.
* A bunch of key things that an electronic reader should be able to do, neither the Kindle nor the Reader can do either well or at all. Such as, full text, instant search (the way the Apple's Safari and Preview programs do search should be standard by now, it's so clearly superior); smart content-based indexing (like Devonthink, etc); and rapid serial visual presentation (RSVP) reading, which is weird and hard to explain but very useful (it allows me to read some kinds of texts 5-10x faster than I normally would).
* Although it reads .txt files and such natively, it's often a pain in the ass to reformat them. For example, a lot of public domain ebooks are in PDF format (which is a terrible format for ebooks because it fixes the layout, you can't re-flow text, etc) or in .txt format with hard linebreaks, which is also super dumb. (Project Gutenberg, which I love and have donated time and money to, does this for some reason.)
* Sick of multiplying gadgets generally-- I like my hutphone so much because it means I never need both a phone and iPod, and often don't need a laptop or camera. I am a big technophile, but the technology of books still beats the technology of e-ink displays. (Similar to how I'm almost morally opposed to electric can openers when the regular kind works just fine. Listen up, electric can opener users, I'm sick of your shit).
* Finally, I was hoping it would be useful for reading work documents, but it's just easier to print them out. And it's WAY easier to skim paper, which doesn't take almost a second to flip from one screen to another.