If you buy a Nook Color for a "cheap iPad", you will be disappointed. Nothing is an iPad except an iPad. However, if you buy a Nook Color for an eBook reader, you will be very happy. I own both and, frankly, I prefer reading ePubs on my NC simply because it is smaller and lighter (but not -too- small like the 6" Sony I sold to partially fund the NC purchase). The NC screen is exquisite. BTW, I own the original NC, not the new one. I played with the new one at B&N this morning and, while it is faster than the old one, web-surfing still sucks; it's still slow, scrolling stutters, and website text is too small to be readable. I have my iPad for that. In addition, I couldn't find any decent free apps on the Nook store (through the NC) whereas Apple has thousands of good free apps on their AppStore.
Bottom line: The NC is a great eReader but, as an Internet-enabled tablet, it's just another sucky Android iPad-wannabe.
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