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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it's gotta sell for less than $150 for anyone to buy it... refurb Kindle 1's are 149 and have free sprint 3g internet