When the Amazon Kindle and Barnes & Noble Nook first came out, I couldn't imagine using one to read on. I love to read and love the feel of a solid book in my hands. At one point I finally had a chance to get a Kindle and fell instantly in love. I have had it for 3 or more years at this point and my actual style of Kindle is no longer made. I have a Kindle Keyboard which makes it easy to type into the Kindle if I am looking up an author or a word from the dictionary. Even when reading a 'regular' book now, if I run into a word I don't know the meaning of, I will look it up in my Kindle rather than having to get up and pull a very heavy dictionary off the shelve, look up the word and then put the dictionary back without dropping it of breaking a fingernail. I have found that the Kindle is a blessing to my arthritic hands and if I read all evening my hands aren't screaming at me like they would a regular book, especially paperbacks.
Amazon has come out with another model of a Kindle that is reasonable priced and offers almost all the conveniences that I have wished for in my Kindle (or any book for that matter). The ability to translate a foreign language into English, instead of getting up, finding the right dictionary from our 7-8 English to Foreign Language dictionaries, and looking the words up in that super tiny font that they think all high school and college kids have the ability to read. No longer do you have to jump through several pages to get your word definition as it will display right on the page you are reading. There are other things that make it so much easier to read and understand what you are reading. I still wish they would have an on board atlas for looking up current spots on a map as well as places that no longer exist since World War II. Reading any book before the 1950's, it is especially difficult to figure out where in the world the characters are. I don't know if they are working on this, but I suppose it would be a complicated project because of all the changes over 100's of years of time.
With the holidays coming you may want to consider a Kindle for you child that is meant for children only. It is the regular Kindle only bundled for children, with a 2-year long guarantee period, it has the ability to not allow a child to download 'adult' books, it is thinner and lighter for a child to hold, and it can help a child set reading goals. It comes with a vocabulary builder, dictionary, etc. It doesn't have games or email which means when you child is looking at their Kindle, they are reading! I have always felt that books are one of the best presents for children and so you might want to think about this gift for your child with the holidays coming!
Deciding to buy one now you can save up the money as well as being on the lookout for any sales that Amazon might have on this Kindle. If you have been good all year, you might want to do the same and move up to the newer Kindle as well.