I was concerned about the lack of an sd slot. But the more I think about what I actually use my current Nook for, the more I realize I don't need much storage on the device. I already use Google Music, Netflix, and the Kindle app. 90% of the time I'm in an area with wifi. The only thing that will really take up space are emulators and games. And if the magazine service through Google is cloud-based as well, I could probably scrape by on 8gb. With that said, definitely going 16gb...my Nook has had a good run, but I'm ready for a quad-core, Google update controlled device. Now to look into a keyboard add-on for class in the Fall. Also, this announcement completely killed my desire to get a 3DS, which I had been considering for about a month.
While I'm thinking about it. How do you think the Tegra 3 will handle N64 and DS roms? Are there even emulators for the latter on Android?