B & N Staffmember Michael V just posted this over on the Nook boards:
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You asked, we listened: NOOK 1.5 Update is Coming
In our biggest update since we launched NOOK a year ago, we will dramatically increase NOOK 3G and NOOK Wi-Fi‘s page turn speed and deliver the features and performance enhancements most-requested from all of you!
The 1.5 update includes improved search on the device, customized B&N Library organization and password protection. It also includes the ability to sync across all NOOK and all devices enabled with our free NOOK apps, by syncing your last page read. If you forget your NOOK at home, use the NOOK app for iPad, iPhone, iPod touch, Android smartphone or PC to pick up where you left off. And, the next time you pick up your NOOK, the Reading Now page will be updated and ready to go.
The NOOK 1.5 software update is expected to be available late next month via Wi-Fi or manual download at www.NOOK.com/support.
In other NOOK news, NOOK for Android will also be getting an updated -- expected later this week. NOOK for Android v2.3 includes many customer-requested features including the ability to “Go To” a specific page number, search within a book, view highlights and notes, delete books from the library, plus an updated home screen and enhancements to make reading and managing side-loaded content easier. Learn more about NOOK for Android at www.bn.com/nookforandroid and download the app from an Android device by searching “NOOK” in the Android Marketplace.
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I am overall very pleased, but afraid of this sentence:
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The 1.5 update includes improved search on the device,customized B&N Library organization and password protection.
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I am afraid we are again being denied the abliity to organize non-B&N content. Which is by and large what MOST people were begging for in the forums: not so much the need to organize B&N content, but the ability to organize all grandfathered content that we had from other sources.