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For a book reader I want something like an iPhone, just with a paperback-sized screen. Even get rid of the button. I want something that only has a thin border around, just like a paperback.

I want the ability to make notes, see them on the page, and be able to get an index of all notes, where clicking one takes you to the page where you wrote it, or just pops up the surrounding text right there.

I want to be able to synch my notes wirelessly to anybody who has the same device and book, and to have them synch back to my computer.

I don’t want mandatory DRM. A publisher can DRM (loosely like iTunes does), but I don’t want the books I got from Project Gutenberg to be automatically DRMed like the Zune did when transmitting.

I want to be able to give books to friends wirelessly. At least some intro chapters if it’s DRMed, the whole thing if not.

I want it to have enough memory to hold an entire library. Gonna need at least 32 GB.

It should be able to do audiobooks with the option of auto-flipping pages to where the sound is, and even hilighting the words or sentences as it goes (great for beginning readers).

I’ll think of more later, but that’s my minimum for finally buying an ebook reader.