I tried Nook color today. It's no iPad 2 competitor, but as a low end device, it has a reasonably smooth user interface. For $259, it seems too expansive, consider that you can get an iPad gen 1 refurbished for $359. Nook color will have a future if it is priced at $199.
Also, if you are serious book reader, Kindle Is still a way better choice because of the awesome battery life, work great under direct sunlight, super lightweight and great book selection.
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