This is one of the products I hope to play with at CES2008.  I think the price is still too high though, especially when I can get a laptop at Walmart for about the same cost.

Sony’s reader, the PRS-505, can hold 160 books in its fixed memory … The $299 device is about the size of a paperback book, but a half-inch thick and weighs less than a pound.

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The Electronic Book Reader Comes of Age

Sony’s New Digital Reader Raises the Bar, With Readability and High Capacity

By BILL McGUIRE