All the pundits are in love with the Kindle!  I too love the Kindle.  I have the original edition and find it handy for travel.  I will probably spring for the new version and sell my present Kindle on eBay.

My biggest problem with the Kindle is that I would like to know what page I would be on if I was reading a physical book.  I do not consider this a flaw, but it would be a nice feature.

The flaw is this:  if you travel outside the USA a lot as I do, then the wireless feature of the Kindle is useless.  The service is based on the Sprint system.  Sprint only works in the USA as far as I know.  Therefore if you have the urge to download a book you cannot do so.  Even more frustrating is the fact that you cannot download any daily newspapers. 

I am not sure why Amazon chose Sprint?  The decision to not have an international wireless presence is shortsighted and a major flaw.