Alright, so neither is out so let this thread serve the purpose of accusation and hearsay until next week at which time we can reevaluate our decision.
First up, the Kindle Fire (specs borrowed from Fire OT):
Pros: Amazon is better established and has a better app store. Price point of $199, unlimited cloud storage for Amazon purchases, Better design (IMO), +5GB Amazon Cloud storage (5+6GB of personal content, unlimited storage for Amazon purchases).
Cons: Only 6GB available storage, no option to upgrade or add memory.
Nook Tablet (specs borrowed from Nook Tablet OT)
Pros: Memory expansion, excellent battery, twice the memory and storage than Fire.
Cons: Nook does not have the best app store, more expensive than Fire, not aesthetically pleasing.
I made this thread because I'm having a real hard time trying to decide between which one I want. I hope your discussion can help make the choice clear.
First up, the Kindle Fire (specs borrowed from Fire OT):

Display 7" multi-touch display with IPS (in-plane switching) technology and anti-reflective treatment, 1024 x 600 pixel resolution at 169 ppi, 16 million colors.
Size (in inches) 7.5" x 4.7" x 0.45" (190 mm x 120 mm x 11.4 mm).
Weight 14.6 ounces (413 grams).
System Requirements None, because it's wireless and doesn't require a computer.
On-device Storage 8GB internal (approximately 6GB available for user content). That's enough for 80 apps, plus 10 movies or 800 songs or 6,000 books.
Cloud Storage Free cloud storage for all Amazon content
Battery Life Up to 8 hours of continuous reading or 7.5 hours of video playback, with wireless off. Battery life will vary based on wireless usage, such as web browsing and downloading content.
Charge Time Fully charges in approximately 4 hours via included U.S. power adapter. Also supports charging from your computer via USB.
Wi-Fi Connectivity Supports public and private Wi-Fi networks or hotspots that use 802.11b, 802.11g, 802.11n, or enterprise networks with support for WEP, WPA and WPA2 security using password authentication; does not support connecting to ad-hoc (or peer-to-peer) Wi-Fi networks.
USB Port USB 2.0 (micro-B connector)
Audio 3.5 mm stereo audio jack, top-mounted stereo speakers.
Content Formats Supported Kindle (AZW), TXT, PDF, unprotected MOBI, PRC natively, Audible (Audible Enhanced (AA, AAX)), DOC, DOCX, JPEG, GIF, PNG, BMP, non-DRM AAC, MP3, MIDI, OGG, WAV, MP4, VP8.
Pros: Amazon is better established and has a better app store. Price point of $199, unlimited cloud storage for Amazon purchases, Better design (IMO), +5GB Amazon Cloud storage (5+6GB of personal content, unlimited storage for Amazon purchases).
Cons: Only 6GB available storage, no option to upgrade or add memory.
Nook Tablet (specs borrowed from Nook Tablet OT)

Specs
Screen: 1024 x 600 "laminated, no-air" 7-inch IPS LCD
Weight: 14.1 ounces
Processor: 1GHz dual-core TI Omap 4
RAM: 1GB
Platform: Customized version of Android 2.3 (Gingerbread)
Internal memory: 16GB
microSD card expansion slot: up to 32GB cards
Integrated microphone
Battery life: 11 hours reading, 9 hours video (with wireless off)
Price: $249
Availability: Pre-order now, ships November 17
Pros: Memory expansion, excellent battery, twice the memory and storage than Fire.
Cons: Nook does not have the best app store, more expensive than Fire, not aesthetically pleasing.
I made this thread because I'm having a real hard time trying to decide between which one I want. I hope your discussion can help make the choice clear.