At a company hosted event today, Barnes & Noble introduced the Nook Color with a full 7-inch color touch screen. This is a huge improvement over the original Nook which only features an e-ink display. The new device is powered by Android, so it is capable of more than just books, and the new Nook Developer program will extend it even further as well.
The biggest surprise is that the price stays at a low $249. Don’t expect it to be a full-featured Android tablet though, Barnes & Noble has stated that is more like an e-reader with some additional tablet functionality. However it does have Wi-Fi (802.11n) and 8GB of storage, plus built-in integration for Facebook and Twitter. So it is primarily an e-reader, with web browsing and video playback being secondary.