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My guess is that K4 is touchscreen, faster processor, maybe better resolution, etc.
I also think maybe they will lower the price of the Kindles with special offers. So you can get the touchscreen Kindle or stick with a K3 with keyboard which is still a fantastic device.
As others have said, there haven't exactly been major advances in eink lately so the K3 will still be relevant when the new Kindle comes.
The Amazon tablet, to me anyway, is a totally separate category since it isn't eink. It's more designed to take advantage of Amazon's android app store, video/music streaming services, etc.
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