Yes. Thousand times yes. If i could just justify spending so much money on ipad to use it just for reading.And anyway i would want the latest device which has not been released yet (october?).

I would still be worried about battery life (as it requires much more effort to keep an eye on than on an e-ink reader).

And do not forget about the screen differences. It's still more pleasant to look at an e-ink than on the traditional display.