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I'm a geek and love any kind of electronic device, but yes, i enjoy my kindle and think it was a good purchase.
I love reading, i hate carrying a lot of books with me. In my kindle i have a ton of novels, but also a ton of html/php/mysql/unix/photoshop etc manuals in pdf that i wouldn't carry with me if not in digital format.
I was a bit skeptical on e-ink, i thought it would be like reading in a PC or IPAD but i was totally wrong, it's really easy on the eyes for long hours of reading.
About your purchased books, they are yours forever and you can sync the kindle software between your kindle, PC, Android or Apple phone or pad etc so you can also read your books in all those devices the software is widely supported by all them. If you lose your kindle and buy a new one, you just need to sync it to have all your books back in the new device.
With a 3rd party software like calibre you can port lots of different ebooks formats and transfer them easily to your kindle. You can also easily hack the kindle and to not to purchase a single book ever again... but that is your choice.
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