Leading developers like Amazon Kindle are currently developing a prototype color-e ink device with Glowlight. I think that the reading experience would be GREATLY enhanced with color. Also, the color could help increase the feasability of a simple web browser on any future Nook Simple Touches.
Also, I think in the future, an e-ink tablet would be really cool. You could play apps on a screen with no glare. This is probably years ahead, but it's definitely something to consider to compete with Apple and Amazon.
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