It does have a lot of issues though. It has two screens, one e-ink, and one LCD. It uses Android 1.6 right now and has no access to the Android Market. The company that makes it has minimal resources and they are really not supportive of developers. The LCD screen is resistive touch and its responsiveness isn't great. You can get a very long time on a charge if you make sure to turn the LCD off while you are reading.It isn't the worlds greatest e-reader, but it might suit your requirements where nothing else does.
It was a super light, easy to ready, all e-ink, 8.5x11 touch screen. It worked great in my hands, but they had manufacturing issues, and delayed retails sales multiple times, and finally canceled that version. If it rears it's head in retail shelves giv it a look.
Only downside is it's not actually available yet. Pre-orders should be starting soon though.