While it will be good to wait on the off-chance that a new reader is in the offing, my bet is more of an announcement concerning a revamped and enlarged on-line bookstore and and possibly an add-on device which will include wi-fi downloads (or whatever the system is that Kindles use) and simply clips on the bottom, plugging into the USB port of the 505.
There's a lot of potential interesting new stuff to announce which would fall short of announcing a brand new reader.
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