The hardware includes; a full color 7 inch touchscreen, not the monochrome e-Ink you’ll find on existing Kindle readers. Unlike the iPad, it will probably only support a two finger multi-touch, not ten fingers. It’s also believed to have a single-core processor and 6GB of internal storage.
The operating system is a heavily modified version of Android 2.X. The main screen features a digital carousel that displays all your content on the device and lets you flick through books, apps, games, and media. Favorite items can be pinned to the lower portion of the screen, just like you can to the dock areas on iOS and vanilla Android.
As it stands now, the tablet is not being manufactured yet, but is very close and expected to release in November. Best of all it will only cost $250.