I think this is big news. I have two Kobo e-readers, love them both, and order almost all my books through Kobo. And I like the Kobo Look Book so much, I just bought one for my mother (She's been reading on the iPad and wants just a plain e-reader.)
And now Kobo is launching a German e-reading store. Here's the link. All my books are on Kobo, and I hope they'll be part of this new German e-reading store. I've been published by a lot of German publishers over the years, and I still get a lot of e-mails from German readers.