B&N announces the Nook Color, will keep selling the original Nook

Barnes and Noble's announced the Nook Color: an e-reader/tablet device with 7" color IPS-LCD display (1024x600), Android OS, Wi-Fi (but no 3G), 8GB of storage and a microSD slot. The Nook Color will cost $249 and will be released on November 19th. You can pre-order it today.

As you can see, the Nook Color is not a dedicated e-reader device. Thankfully, B&N will continue to sell the original Nook (which costs $199 for the 3G/Wi-Fi version and $149 for the Wi-Fi only) - which will soon get a major software upgrade. B&N says that the Nook sold over a million units, and it has around 20% of the entire e-reader market.