A few quick thoughts:
1) Barnes & Noble makes fun of the Kindle Fire, noting that it looks like a BlackBerry PlayBook — completely fair and true. The Nook Tablet clearly looks nicer.
2) But… the Kindle Fire is still at the magical $199 price point, while the Nook Tablet is at $249. The fact that Barnes & Noble wouldn’t match the $199 price shows you just how insanely low that is — and how aggressive Amazon is willing to be to win.
3) The $50 price gap may not seem like a huge difference but remember that the Nook Tablet also doesn’t have a little thing called Amazon.com and all its related properties.
4) The Nook Tablet specs sound great, but again, it’s $50 more and doesn’t have Amazon.com. Further, at $249, the tablet clearly isn’t going to be good enough to match the iPad. So Barnes & Noble may feel a bit squeezed. They’re not the cheapest and they’re not the best.