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The presentation of the new Nook Color has just finished and I’m having a glass of white wine at the press event. I videoed their presentation, but the bandwidth isn’t high enough for me to upload it from here – it would take too long. I’ll put it up for you when I get home. The touch-screen unit will cost $249 and will ship on November 19 and be in stores by late November.

Here are my general observations:

It’s a really cool unit and will be especially nice for children’s books and magazines. It is the type of thing that will make a great impulse buy when it shows up in their store kiosks. I think it will sell very well. Given this price range, it certainly undercuts the Samsung tablet in the ereading arena.

The color is outstanding – crisp, sharp and clear. It uses a new technology LG LCD screen and gets 8 hours of solid reading on one charge of its 4010 MaH battery. It has 1024×600 resolution and 16m colors. I asked why they didn’t use PixelQi or Mirasol technology for battery life. They answered that they looked at these technologies but they are not ready for prime time yet. First, they are just too expensive, second they don’t have the sharp, saturated colors that user will want and, third, they couldn’t handle the zero air gap B&N wanted for the touch screen.

Aside from selling it their own stores it will be sold by Best Buy, Walmart and be an exclusive in Books a Million.

In the Q&A the following was also brought out:

B&N has found that ebooks and pbooks don’t seem to compete. Nook buyers have actually increased their physical books purchases by 21%;

They think that there is a lot of life yet in e-ink and will continue to sell the e-ink model – which will get a major software update next month;

At launch, which will be in mid-November they will have the largest selection (over 100) of newspapers and magazines of any ebookstore;

The unit is Android based and B&N will have its own, curated, app store. They currently don’t anticipate the unit connecting to the “regular” Android app store.

The unit has WiFi, but not 3G. This is because the current Nook has 3G and also it helps the keep the price of the Nook color down.

 
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