I stumbled upon this review on twitter and thought it made a pretty good list of pros and cons. The only thing it missed is the B&N claim of 1million books includes the stuff that is public domain, you can get those books on a multitude of sites on the internet for your kindle as well.

Conclusion – Kindle Vs Nook is exceedingly close, with Kindle a bit ahead.
If you need an eReader for Christmas the Kindle wins – Kindle at $259 with Free Internet is an incredible value proposition. Nook is sold out till Jan 4th and if you can wait till January – consider which device suits your needs better and pick one.

If Free Internet or the Read To Me feature or International WhisperNet and Wikipedia is important to you, then the Kindle is a clear winner. The Kindle is also better for families as 6 devices can share a book (at the smae time).

The Nook has memory extensibility, ePub support, WiFi, a replaceable battery, and Mac and Blackberry support – making it better for some people.

So if you are considering a kindle or a nook, may want to take a look at the comparison at IReader Review. You can find an even more indepth review here.

Other posts you may like:

• Want to read Kindle books but don’t want to buy the Kindle?
• The Nook and Book Lending
• Reviews of the Barnes & Noble Nook start to surface.