Which eBook reader to buy? Is kindle my only choice?

I have used the Amazon Kindle for a few days. Now, I'm in the process of selecting a eBook reader for myself. Any thoughts on which device would meet my requirements?

Budget is not a constraint, though I'd prefer to spend less than $500
My library offers DRMed OverDrive eBooks in the mobipocket & Adobe PDF eBook formats -- would prefer a device that supports these formats.
Access to lots of eBooks
I use Amazon to read reviews of books & get Amazon gift certificates often - -so, wouldn't mind buying eBooks from Amazon, but they seem to offers books only in the Kindle format?
Would prefer to buy a device that doesn't need to be replaced (due to format/hardware issues) for at least 2 years
I have used the Kindle for a few days; though it's usability is not perfect, I'm fine with it

If the Kindle could read OverDrive's mobipocket and/or Adobe PDF eBook formats, I'd just stick with the Kindle. I also worry if I'd be buying the Kindle just before v2 comes out (there's already a rumor out there).
Given these requirements -- do I have a choice other than the Kindle? Cehck out a comparision of all the eBook readers at http://wiki.mobileread.com/wiki/E-book_Reader_Matrix

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