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They should've called it nooktab or something and reserved the nookcolor name for a true e ink color reader.
Are there really a lot of people who want to read magazines on a 7" device. Even magazines on the bigger ipad aren't doing so well after the initial flurry of interest. People magazine, for ex, makes about 1 iPad sale for every 100 newsstand sales. And that is with about 5 million ipads in the wild.
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