On October 2, Sony announced its new E-Book rear, the PRS-700. From the wording it looks like it will complement, not displace, the PRS-505.
The new reader is about 10 ounces with a six inch display, similar to Kindle. The new Sony Reader will also have a touchscreen (which Kindle does not) and has a stylus with virtual keyboard for virtual notetaking.
Sony Reader, like Kindle, has e-ink display, which means no backlight, which means no night reading. Except the new reader has a built-in LED reading light (wonder what that does to battery life.)
The Kindle has built-in wireless for buying books from Amazon. Sony Reader doesn’t have that but it does have SD and Memory Stick card slots, and the Sony Reader is making major inroads at retailers, being stocked at both Borders and Target.
The PRS-700 will be available next month for about $400. You can get pix and more details at Sony.com.