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I think that the color touchscreen is a great way to interact with the device. Trying to navigate the Kindle's e-ink display is pretty awkward by comparison. And, yes, according to B&N, the color control panel blanks out while you are not using it - it will not be a distraction while you are reading.
And, of course, this is version 1, the initial release. WiFi may be limited to B&N stores for now, but that restriction can be lifted. There may be no apps now, but that doesn't mean that there cannot be any in the future. B&N said, "We're going to blow you away with what we've got in store in the future." It'll be interesting to see where this goes. If I'm Amazon, I may be sweating a bit today. At least with the nook, I can actually try it before I buy it. Maybe Amazon will partner with a retailer or two going forward so that people can hold and try before they buy it.
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