Just out of curiosity, I checked prices.
Sony Reader PRS-900BC:
$400
"New Generation" wireless Kindle:
$489.
Apple I-pad:
$499
Nook:
$259
If KINDLE is already displaying 1st generation, next generation...I think it's gonna be like the i-pod was. As time passes, they will make such significant improvements that you'll cry if you own 1st generation.
Isn't there an i-pod they now call THE BRICK?

As far as I have seen so far, no one has color except the i-pad. But based on Mason's assessment,
it is best to wait on an i-pad until Apple irons out the 'kinks' in their latest creation.
It sounds like it's a lot of fuss 'n fan-danglery, with little functionality!
For example:
I'm glad I waited to get a new laptop, and didn't get my new laptop when VISTA-OS was brand new. Or worse, chicken out and get the XP-OS. After time passed, it was evident that you need at least 4GB memory for Vista to function nicely. I finally broke down and got a new laptop with VISTA but paid extra for 4GB memory. I've never had a bit of lag or trouble with VISTA. Thanks to all the folks who 'bush-whacked' a path for me!