The Kindle Fire is about to get some pretty decent competition in the full-color ereader market. According to The Digital Reader, multiple sources have confirmed that the Barnes and Noble Nook Color 2 is set to launch on November 7th, a full 8 days sooner than the latest offering from Amazon.

The original Nook Color was a success particularly in the modding community, as the makeshift tablet proved easily hackable, allowing users to shed the heavily customized Barnes and Noble OS and install ROMs such as CyanogenMod, which greatly enhanced the capabilities of the tablet. Unlike the slew of Honeycomb tablets that were hitting the market at that time, the Nook Color was ultra-affordable at $ 250, and had specs found in then-current smartphones such as the Droid X.

It will be important for Barnes and Noble to find a way to differentiate the Nook Color from Amazon’s Kindle Fire if it hopes to put a dent in what has certainly been incredible sales numbers for Amazon’s 7″ ereader. As you may recall, the Kindle Fire has already become one of the top-selling Android tablets, and it hasn’t even been released yet.

No information was given as to the specs or really any other information about the Nook Color 2. We will certainly learn more about this device in coming weeks.

If you’re in the market for a full-color ereader tablet device, are you more excited for the Nook Color 2 or Amazon’s Kindle Fire?

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