Our daughter wants one desperately .. she is 21 and is off at college. I had her do the research on the 3 that are out there to decide which one is the correct one for her. There is a Kindle, the Nook and the Sony E-reader. She has choosen the Nook. She will be able to download books in 60 seconds for about $10 each and store over 300 books on it.
We are considering it since we could then give her gift cards to get additional books on future holidays.
It will remember your page you were on and it the font can be enlarged by the push of a button.