It can run the Kindle, B&N and Google Book reading apps, I can still use the Amazon or Google music clouds, the Amazon or Google app stores, I get front and rear cameras for Skyping with the grandkids and all my personalized web activity will not be passing through Amazon's servers, like with the Fire.
I also get stock Android 2.3 as opposed to Amazon's custom UI, with the prospect of an ICS upgrade. Just my .02. YMMV.
Edited by Steve, 26 October 2011 - 08:55 AM.