As said previously, most E-readers can display PDFs - although if you are going to be looking at images, then maybe not the best idea. If the PDFs are text only, then you shouldn't have a problem reading them i.e. having to press magnify at every turn, OR you could also use a program like calibre to convert the PDF into a more ereader-friendly format.
If you want a cheap device - similiar to ipad but smaller, you could check out the Kindle Fire (it's a colour tablet), and very economically priced - around 200 dollars, I think. You can only get it in America at the moment - sorry for us peeps in Europe.