I got the latest generation Kindle 3 when it was released in the summer of 2010. I was worried that it was not going to perform very well but since so many people were saying good things about the Kindle I decided to take a risk.
It is much better than I thought. You have to remember that the Kindle is designed for just one thing, reading. It is light weight and portable and the screen is really easy on the eye. I could not really get my head around electronic paper/ink until my Kindle arrived. It really is just like paper, not bright like a computer screen.
There is still a place for "real" books in my life but for now I am enjoying using my Kindle. This is not because it is new or cool but because I can get free books for it. This is the best thing by far. There are just so many classics that I want to read and with the Kindle, I can get them for free.
If you enjoy reading, I am sure you will like the Kindle but if you don't read then it will just be a waste of money.