Mike Cane found this video on Youtube. It shows some of the abilities of the new Cybook Orizon. You also get a side by side comparison with the PRS-650, which unfortunately shows that the Orizon has the same gray screen problem as the Oyo. But, the Orizon doesn't have the faded text problem, which should make it easier to use.
Earlier today I was exchanging emails with my Bookeen contact. I asked (not really expecting an answer) why Bookeen kept developing this ereader in spite of the screen quality issue. Now I know why. The Orizon uses the touchscreen to do things that you can't with any other ereader. If they'd changed the hardware this wouldn't be such an interesting ereader.
I think I'm going to have to eat my words about the Sipix screen quality. It has some features that make me not care (the pinch-zoom made me drool).