I love this corner as well as the quote! I think a 'cozy corner' that encourages a positive physical environment to read in not only is a special place students can go to do so, but it also encourages reading.
Reading corner - I love the wooden letters (from JoAnn's painted white) the framed book covers. IKEA spice racks painted white for the bookshelves and dot rugs from IKEA. I would love to do this in a corner of our family room!