I just got a Kobo color (don't recommend the color feature; no book is ever going to use it except the red-letter Bible and House of Leaves) and gifted the old Kindle to a friend. I e-reader is an awesome gift actually because for a lot of people it's something they would never evenly in years take a chance on, but that they would love it if they tried.

If your model accepts a custom OS, some of them make decent e-ink displays for weather, family photos, etc. Things look good in the black and white ones especially.