I have been looking for an e-reader lately and found the Kobo on special at JB Hi-Fi. Got one today from my local store.
My quick review after a day's use: Like the 7 inch screen & the thick bezel on one side with physical buttons. I personally found it very good to hold with the thick bezel. The 7" screen is pretty good.
Kobo has inbuilt support for OverDrive which allows you to borrow ebooks from your local library. I was able to connect to my local library and borrow books. Don't need to buy books :-).
It is also waterproof.
Kobo also has a Sketch Pad as a beta feature if you are interested. (You need to activate developer mode.) I have used Nook & Kindle previously and I like the Kobo Libra best so far. The extra 1 inch adds to the reading experience.
Harvey Norman also has it on special for $218 but it's delivery only at an extra cost.
NOTE: Don't forget to buy JB Hi-Fi gift cards beforehand from Suncorp for 5% additional discount.