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I didn't need the PaperWhite, but we swapped out our older Kindle 4s for them a couple of years ago - they went on to our parents who hadn't really considered getting an e-reader before but both appreciate the convenience of shelves of books in something that small.
They're lovely bits of kit, and making them waterproof makes them almost perfect holiday gadgets. Not as nice as the top of the range Oasis, but £229 for an e-reader seems a step too far...
Note: Just looked and the price is back up to £109.99 for the coloured versions and £119.99 for the black...gah!
That's done seamlessly once you've connected your new kindle with your Amazon account.