The competition is at $259 for the 6" and the Kindle DX at $489. Granted you don't get handwriting capability at that price, but I'm not sure that's a major selling point for a book reader. Plus, with the exception of Sony's low and mid priced units, the competition has 3G wireless. Sony's Daily Reader Edition matches the $399 price point, and the touch interface - and has 3G!
USA Today has a blurb on the Samsung announcements.

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