I love, love, love, love, love, love, love, love, love, love, love, LOVE, LOVE, LOVE, LOVE, LOVE, LOOOOOOOOOVVVVVVVVEEEEEEEEEE my Kindle. I'm a crazy reading fantatic, and before the Kindle my only options were spend a ton of cash on so-so paperbacks at the foreign language bookshop, or read 10 year old copies of Jane Austen books. (Which i did re-read by the way.)
The Kindle has made me very, very happy, and the amt of books available on torrents is huge. Putting them on your kindle is no problem, any file type, as long as you use Calibre, a free program that is like an e-book library. Calibre automatically converts any book to be readable of the Kindle.
And just for the record I am a book lover. I like nothing better than holding a book in my hand, and if I was in America I wouldn't have bought it because I love using my local library. But English books are hard to come by in china, and outlandishly expensive if you are a fast reader, so I would say yes. Do it.