Yes, you can definitely read things on the Kindle.Damning with faint praise? Actually, the tone of the review is more just damning. Especially when you get to the list of books not yet available.
About the only thing I might want to do with an e-book reader is read PDF documents, which are my format of choice for journal articles. For that, I need note-taking support and the ability to rapidly zoom around on the page -- and the confidence that figures will be as clear as they would be in color. I'll stick with my MacBook for the time being.