So Kindle 2.0 was announced this morning. It looks like a giant white iPod Touch with a physical keyboard. Here are the "new and improved" bullets from the release:

• New Slim and Sleek Design
• New Crisper, Faster Display
• New 2 GB Memory Holds Over 1,500 Books
• 25% Longer Battery Life
• New Instant Dictionary Lookup
• New Experimental Read-To-Me Feature (Text to Speech -- awkward but interesting)
• Still Wireless, Still No PC, Still No Hunting for Wi-Fi Hot Spots
• Automatically Syncs With Original Kindle, Kindle 2, and future devices
• Earth’s Biggest E-book Store Keeps Expanding, Plus New Stephen King Exclusive

This is much better that its predecessor it appears. But it's still missing the opportunity to become a "MID" (mobile Internet device). You can see a informal video here or the official video here.