KOReader is by far better than the crappy stock firmware from Kobo. While the interface is not the prettiest, it still has a lot of advantages :
While I really hate Kobo’s stock UI, I still recommend getting one if you like truly owning your hardware. It’s really easy to enable ssh access and then it’s just regular Linux. It’s even possible to run an X server and launch Linux graphical apps on the e-ink display (not quite usable though)
We still see somewhat old browsers, especially from people using Safari on Apple devices (because IIRC it only updates when you update the whole OS). But it’s a lot better than it used to be thanks to most browser having auto-updates