But $400? Seems incredibly expensive for a device that is just able to display text and take notes.
I'd say for a large 13-inch ebook reader, a 167ppi grayscale display (for anti-aliasing) is pretty good.
Until very recently all ebook readers were around 167ppi (most of them 6 inches diagonally) and most people were OK with it.
The high prices are due to the eInk panels, they must have a very low yield at large sizes making them very expensive.
I really like the idea and hope that it takes off when they release it, hopefully scale could make them cheaper.