I just got a Kobo color (don't recommend the color feature; no book is ever going to use it except the red-letter Bible and House of Leaves) and gifted the old Kindle to a friend. I e-reader is an awesome gift actually because for a lot of people it's something they would never evenly in years take a chance on, but that they would love it if they tried.
To be quite honest I never allowed my Kindle or my Kobo to go online and the experience is not that different. The build quality on the Kindle is a bit better superior and I might well go back. Calibre is the real hero of the story IMO.
If your model accepts a custom OS, some of them make decent e-ink displays for weather, family photos, etc. Things look good in the black and white ones especially.