The main downside of a Kindle is the upfront cost of actually buying one. They are fairly expensive if you want the newer models, and Amazon doesn't offer Kindle device deals that often. So when there's a sale like the one happening right now,

Even if you spend most of your time reading monochrome text, the Colorsoft does insert splashes of color wherever it can. The setup and sleep screens are all in color. Every book cover in your library or on your home screen is in color, and highlights can be made in four different colors (yellow, pink, blue, and orange).

The Colorsoft is a far better value at this price, especially if you own a lot of Kindle books.