There's not much in the way of real news to report here, but I was told that the new Kobo apps were coming "real soon now". Also, Kobo isn't planning on a second ereader. Right now they're focusing on getting the apps out the door, expanding to more countries (hint, hint), and improving the user experience.
But I did finally get my hands on the Kobo ereader. I have to say that I'm impressed with the device. It's a lot more pleasant to use than I was expecting, and I can see that Kobo put some real thought into making it comfortable to use. The rubber button and backside really changes the feel of the ereader.