Josh, I am in Canada as well, and while in the States last week I bought a Nook. I was in between a Nook and the Kindle 3.
I have only had my nook for 4 days, but even though I have been playing around with it constantly I am still at 50% battery. I was using my phone and had to charge it almost every day when reading a lot, so if I get a week I will be happy. I think the screen on the Nook is great, better than say the Kobo.
Personally, I like how much lighter the new kindle is. That was the biggest plus for me. The battery was great on the K3, but I couldn't replace it if I had to like I can with the Nook. You can convert your mobi files if you buy another reader, but it might be a pain. And in turn you can convert some of your epubs to mobi. although you never know what new restrictions will be in place in a year or two, so that might change.
In the end I ended up going with the Nook because:
1. I have mainly epubs so far and like the ease of use with them
2. I like that you can see your covers while searching because I sometimes forget the name of a book, but remember the cover
3. I didn't want to pay an extra $2 for my books because I am in Canada, now I can still get them from my regular sources
4. I felt the lcd screen was really easy to use and thought it would be faster for me than the k3 navigation
5. I didn't want to wait!
You have to decide what is most important to you in a reader. If battery life is something you need, then a new kindle would be better. If you care more about compatibility with ebooks, then the nook would be a better choice.
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