Amazon Debuts The “Kindle Fire” Tablet For $199

Movies, magazines and children’s books come alive on a 7″ vibrant color touchscreen that delivers 16 million colors in high resolution. Enjoy your favorite magazines with glossy, full-color layouts, photographs and illustrations. Over 100,000 movies and TV shows, including thousands of new releases and your favorite TV shows, are available to stream or download, purchase or rent – all just one tap away.

More Details and a pre-order link at Amazon

Competition for the iPad?