06-02-2011 08:58 PM
I don't see why not, your library (at BN.com), is still your library. Do you think they would not let you read your own books on an e-reader that you registered with them? Sure, now that I think about it, they must let you because I can read my eBooks on my computer, my ipod and my nookcolor.
06-02-2011 11:08 PM
If you do decide to sell your N1E be sure to deactivate it from your account and reset it to factory settings. If you have it linked to ADE (Adobe Digital Editions) be sure to unregister it from there also.
If you have anything sideloaded and it's not saved anyplace else you'll want to be sure to save those items to your computer. It's best to have back-ups anyway.
When you get the new Nook and register it to your B&N account you will have access to all of the books in your B&N library. They may not all download to your new Nook but you'll see them there and can download them when you want.
Anything you sideloaded you will have to load yourself.
I may have missed a few things but a search of the forums should turn up some info on what to do.