First, thanks to Carolyn and Phil for your comments. I am still torn between the Kindle and Nook.
Some of the important (for me) pros and cons I have noticed for each include:
Screen (Reading is more comparable to book page)
No Barnes and Noble remotely nearby
Software is still bit slow and buggy
Software more stable
Ability to re-download deleted books
No memory expansion
No replaceable battery
I am going to give a poll a shot. My primary hangups right now are between the battery and the software. Although I do want to retain that book "feel" when reading, which the Nook seems to offer, I haven't really seen either to know. So, opinions please!