For those looking for a device strictly for reading, the new Kobo is a nice little option. It's small enough to slip into a pocket, can do more with a PDF than the competition, and at $129, it's $10 cheaper than both the Nook and Kindle WiFi.
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The price on this has already dropped to below $100 with instant savings and a rebate. Check it out at NewEgg if you really want to give this a try.