For me, the big drawbacks of the rooted Nook Color as an android tablet are: no GPS and compass (useful for star-gazing), and no bluetooth (e.g. for skype).
I haven't used a Galaxy Tab, so I'm not sure how it compares to the Nook Color in other ways (responsiveness, screen, etc).
Anyhow, I'm quite happy with my rooted Nook Color. The price is fair, the screen looks fantastic, and it's great for reading in bed at night.
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