Personally, I've held off on an eBook reader. $300 buys quite a few paperbacks! I also can't stand the thought of paying more than paperback price for a license to read a book. If you "buy" an eBook from Amazon, you don't truly own it. It is restricted to only work on their particular reader, and they can revoke that license whenever they feel like it. Read this article - a publisher decided to pull some books from distribution, and it was deleted by Amazon from the readers' kindles. http://news.cnet.com/8301-13860_3-10289983-56.html

The only place I buy eBooks is http://webscription.net - the Baen (science fiction publisher) eBook service. They sell for less than paperback prices, with no DRM, and in whatever format you like. Once the rest of the industry adopts that model, I'll consider an eBook reader!