Nook Color 2 announcement rumored for November 7th

It’s been about a year since Barnes & Noble’s Nook Color was released, and if rumors from The Digital Reader prove to be true, another one is right around the corner. The sources are supposed employees of the bookselling company, with additional support coming from a Wall Street Journal article that cites the bookseller’s plans to double the size of its Nook boutiques in 40 of its stores. The original Nook Color was surprisingly popular due to being not only a color e-reader but also a cheap 7-inch Android tablet with its $249 price tag. While the rumor doesn’t mention price, if the tablet is released on November 7th for a price lower than that of its predecessor, it could lead to a huge upset by beating Amazon’s hyped $199 Kindle Fire to the budget tablet market.