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I bought a Remarkable. A completely different type of e-reader. While overly expensive I would say it represents the future evolution of e-readers. Mostly focused around realistic writing feel, making it easier to read .pdf and less eye strain.
Indeed, personally I just purchased the Onyx Boox Max 2, a 13 inches e-ink tablet running Android (6.0). quite expensive (some will say far too expensive if compared to iPad pro, but keep in mind its niche market, small company, R&D). PDF is quite well support, and now we start seeing Android apps with special mode for e-ink (Librera).
My E-Readers are doing just fine.

E-Ink is much easier to the eyes than regular tablet screens, and the battery lasts several days.

The only downside is how they display PDFs.

> The only downside is how they display PDFs.

Sadly this is not just a "downside". PDF is so endemic that e-readers would flourish if they supported it better.

Fully agree, I get around it converting them into epub, but of course it only works on those that aren't just pure images.
I just bought the new Kindle Oasis. It's by far the best e-reader I've owned, and I've owned quite a few including the original Sony readers. After decades of staring at computer screens my eyes are very sensitive to harsh lighting, and so I can't read for long on an LCD/LED/AMOLED screen. Up until the Kindle Oasis my complaint was that e-readers were too hard to hold for very long. The offset balanced design solves that problem, finally.
Up until recently, I was totally off the grid with e-readers, meaning my purchases were never known. I bought 10-year-old e-readers for like $10 at my local used electronics store. I still bought physical books, but I'd download the epub as well and drop it on my reader over USB. To me, they were disposable devices with a utility I feel like I can't live without.

There wasn't an incentive to buy a new one up until the waterproof Kindle Oasis came out. I'd ruined my old e-readers in the bath, and this seemed like a worthy purchase.

I don't think e-readers are dead at all. They just tend to last a long time, and there hasn't been a lot of innovation to make people want to upgrade. I think once waterproofing hits the cheaper lines of e-readers, they'll see an uptick in sales, but that may just be me projecting my own use case.

I think price is a factor. I'd totally buy a large e-reader for things like holding manuals, recipes for the kitchen, etc but large e-ink displays are so expensive that these aren't places where it makes sense to bring one in.
I feel like they could drop the price by making them read-only. I just want to read full-size pdfs.
My main concern with ebooks is preserving the books and my annotations for the rest of my life, at least. The former seems easy (I assume I can get DRM-free books easily enough?), but is there a platform-independent format for the annoations, and one that I can depend on being readable, or at least convertable to a newer format, in 30 years?