There are some valid complaints against the kindle, but I'm really intrigued by it.
One complaint is that that books are DRM'd, so in 10 years or so, if you wanted to read one over again, you won't be able to because the license expired. Also, that the kindle only reads it's own proprietary format, making it useful only for reading books (can't read pdfs), and for $400, I'd want it to be a bit more versatile.
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