Turns out Barnes & Noble did in fact release it’s new eBook reader into the wild (as we predicted earlier), and it looks spectacular. The Nook (actually spelled nook) has the potential to revolutionize the eReader market. In fact, if Barnes and Noble markets the Nook right, it could turn out to be a great money-maker for the company. It boasts a plethora of great features that its main competitor, the Amazon Kindle, doesn’t have. And with the features the Nook shares with the Kindle, it outshines the Kindle in every possible way.

The Nook has an LCD touchscreen below the main screen for navigation and showing the keyboard. The Nook comes with 2GBs of internal memory, but also has an SD card slot, so you can add a few more GBs to it. The battery has a maximum length of 10 days with the wireless 3G (provided free by AT&T) turned off. The wireless connection will allow the Nook to download eBooks on the go, similar to the Kindle. The Nook can also connect to Wi-Fi. The most interesting feature about the Nook is that it runs on Android. Yes, you read right. Android, the open source mobile operating system. Although there aren’t any apps on the Nook yet, Barnes & Noble has said that they are open to the idea of putting some apps on the Nook. Personally, I think it would be awesome if you could tweet from your Nook or maybe play some Pac-Man on your Nook. The possibilities are endless. Another great feature is the ability to lend books to your friends, completely free of charge. You can also sync all of your eBooks across your iPhone/iPod Touch, PC, Mac and Blackberry. With all these great features, how is the Nook going to affect the eReader market as a whole?

The Nook can and will pose some serious competition to Amazon’s popular Kindle. The Nook has a touchscreen, Wi-Fi support, ANDROID, and an SD reader, while the Kindle does not. Barnes & Noble also has something else that Amazon do not; they have an actual retail store. At any Barnes & Noble, you’ll be able to try out the Nook for as long as you like, and pick one up right there and then. If you already have a Nook and you go to a Barnes & Noble, you can read a full eBook for free while connected to their Wi-Fi (the electronic equivalent of shelf browsing) and get “exclusive content” only available in the store. With all these features, it seems that a true Kindle Killer has come along. If I was Amazon, I’d be biting my fingers right about now, because there’s a new kid on the block. The Nook comes out November 30 for a price of $259, the same as the Kindle.