Nook Color is basically a WiFi only Android tablet built for e-reading. What exciting is that its fairly aggressively priced, has a nice IPS display (hopefully iPad quality), most likely hackable, has a microSD slot, and runs Android.

From the demonstration video, it looks to be a little slower than I'd like in response time. Also the battery life takes a hit (reported 8 hours).

I would be all over this if they included 3G/4G - but it's doubtful at this point without a monthly fee or more advertising.

For now, personally I'll stick with my Kindle and my iPad till 3G is out.