What is the best way to read PDFs on Android? What is the best way to convert PDF's to some kind of format that is easily readable? For example can you convert it to ebook format?
PDFs are easily readable, in my books.  Adobe's Reader app is actually pretty good, not bloated like the desktop version.

As for conversion, Google probably does a better job of giving you info that I could.  The first result for this search is a site that will convert to the ePub format, for example.

Adobe Reader for Android: