You can see a video of it in action here. Compared to the app on my iPhone, this looks a little clunky... but I'm looking forward to having one more option for reading. Amazon also said they plan to release a version for the Mac and the Blackberry sometime next year.
A few more things Amazon needs to do immediately in resposne to the Nook (things they could do without making a new device through software updates).
- Add PDF support.
- Add better photo viewing capabilities, including the ability to use your own images as screensavers.
- Add the ability to lend books. (Although the lending restrictions on the Nook may make it almost useless.)
- Allow for some kind of organizational structure such as folders and/or tags. This is long overdue, especially considering Kindle owners tend to buy more books than non-Kindle owners. Right now all your books just get thrown into one long list that you can sort by owner or title. People have been asking for this for some time now.