Aluratek LIBRE eBook Reader PRO w/2GB SD Card (white)

Pros: Reads PDF, TXT, FB2, EPUB, PRC, MOBI, and RTF.
I am not locked in to a propitiatory reader format.

Cons: none yet
Haven't tried the MP3 player, already have one of those.

Summary: This unit is an E book reader, it does not surf the web, it wont download instantly, it wont let you read the N.Y. Times or Wall street Journal.
What it does do and does it very well is read a book.
I have been using an old Palm 505 to read books, when it died I used my Windows Mobile 6.1 phone to read.
My son has a Kindle which is lovely, for him. He works for a software company and travels a lot. He needs all of the functions on it.
I don't travel and always have broadband internet available on my 18.4" Toshiba portable.
I have many, many (Thousands) of PDF and .Lit books on my external hard drive. With the 2GB card that comes with the Aluratek I can carry at least 1000 of them with me.
This is a reader, if you need all of the "Good Golly gee Whiz, I Got The Latest, Greatest and Most Expensive" this isn't for you.

If you just want to read a book the Aluratek Pro is perfect.