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The coolest part by far is the "whispernet". I really see this taking off: people already pay subscription prices for cell-phone data networks in order to gain the privilege of paying ridiculous prices for downloads - imagine an iPod/Zune device that let you buy and download songs from anywhere, at any time, without having to look for a wifi hotspot or attaching some gharish cell-wireless dongle and paying $40/month + taxes and misc. account fees for a wireless data plan...
Instant gratification wins every time. If anyone still remembers Kindle in a year's time, it'll be because of the whispernet thing.
As for notes in margins, I never do it and flipping through forty pages makes for an effective fan but not much else.