Just as predicted (nay, foreseen) by Best Buy, the Nook Color price has been officially cut by $50, and the Android-powered e-reader will now be available for $199.99. That means that the last generation hardware is at parity with the forthcoming Kindle Fire (in the pricing department at least), though the company's $249.99 Nook Tablet (which was just announced) seems to be that device's real competition.

Developing. Check out all the details in the Nook event live blog.