Amazon indeed announces a Kindle with a larger screen: the Kindle DX. Available for pre-order now for $490, release date is sometime this summer.
Update: During the press event announcing the new device, Jeff Bezos said that for books that have Kindle editions, the Kindle version accounts for 35% of the sales. 35%!! Also, Merlin Mann would like you to know that if you buy a Kindle through the above link (this link right here, if you're confused), I get a little money from Amazon. Although I'm not even sure how Merlin can tell what's going on way down here from so far up on his horse.
I want a proper e-book reader as much as anyone, but Amazon's Kindle sounds underwhelming (and unfortunately looks, as a friend put it, like "the Pontiac Aztec of e-readers"). Amazon CEO Jeff Bezos says:
This isn't a device, it's a service.
That's CEO-speak for "yay, we can charge you for buying this gadget again and again". That emphasis makes it seem like the Kindle is less of a "read any text you want on the go" device and more of an interface for purchasing Amazon's e-books, e-magazines, and blogs (yes, they're charging for blogs somehow...). E-ink is a genuine innovation but until someone without some skin in the media game takes a good crack at it, e-book readers are destined to be buying machines and not reading machines.
Update: Here's a list of all the blogs that Amazon is selling for reading on the Kindle. Subscriptions are $0.99-$1.99. No kottke.org (thanks, Amazon!!). Are the bloggers getting their cut of the subscription fees? Can I put kottke.org on there for free...or at least at cost? I suspect bloggers are getting a cut, with the rest taken by Amazon for profit and the conversion of the blogs' text into whatever goofy format the Kindle uses. Would have been a lot cooler to put an RSS reader on there and just let people read whatever blogs they wanted.
Update: Joel Johnson has some more information about the Kindle after playing with one for a bit. The device service (sorry!) has an experimental web browser, on which you can browse whichever blogs and sites you wish (on Amazon's dime).
Update: Engadget says, among other things, that "blogs that are aggregated by the Kindle get a revenue share with Amazon, since it costs money to get those publications." (thx, daniel)
Jeff Bezos invests in 37signals, making them bigger and a little less Real. But seriously, I had always wondered how 37s was going to grow and this is a bit of an answer to that question. Congrats, guys. (thx, steve)
Update: Tom has some thoughts on Bezos' next investments, most likely 31functions.com, 25description.com, and 19options.com.
Interview with Jeff Bezos on Amazon's current activities. "We have always tried to be very clear with people that we are an appropriate company only for long-term-oriented investors."