Amazon (AMZN +3.3%) unveils its much-anticipated tablet. Called the Kindle Fire (as previously reported), the device will feature a 7-inch display and cost only $199, $50 less than the Nook Color (BKS -6.3%) and $300 less than the cheapest iPad (AAPL +0.5%). The tablet will run on Android (GOOG), but nonetheless act like a "souped-up Kindle."
Additionally, the company is adding a touchscreen model to its traditional Kindle line, called the Kindle Touch. A Wi-Fi-only version of the Kindle Touch will sell for $99, while a 3G version will cost $149, and offer lifetime wireless data in 100 countries.
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