Well after reading the contract I don't think it voids your warranty it violates your contract
B&N Legal
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THIS AGREEMENT SETS FORTH THE RIGHTS AND OBLIGATIONS APPLICABLE TO THE USE OF YOUR NOOKcolor, SO PLEASE READ IT CAREFULLY BEFORE USING YOUR NOOKcolor. BY USING YOUR NOOKcolor, YOU AGREE THAT YOU HAVE READ, UNDERSTAND AND AGREE TO BE BOUND BY THIS AGREEMENT. IF YOU DO NOT AGREE TO BE SO BOUND, YOU MUST RETURN YOUR NOOKcolor AND RELATED SOFTWARE AS PROVIDED IN SECTION 1(b) BELOW.
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(d) Restrictions. Except as may be expressly permitted by this Agreement, you may not, directly or indirectly: (i) use the Software on any device other than your NOOKcolor; (ii) use, copy, modify, distribute copies of, display or transmit the Software; (iii) disassemble, reverse engineer, emulate, decompile, tamper with, create derivative works from or otherwise attempt to discover the source code of the Software or the technology used to provide the Service or attempt to reduce the Software to human-readable form; (iv) bypass, modify, defeat, tamper with or circumvent any of the security features of your NOOKcolor or the Service, including, without limitation, altering any digital rights management functionality of your NOOKcolor or the Software; or (v) share access to the Software or Service, whether through a network, resale or other means.
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There you have it you don't void the warranty you void the contract and are required to return the nook.
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