What does the new Kindle mean?

Lots of sites have been talking about the new Kindle device from Amazon. Yes it is really cheap with the wifi version only £109! Amazing.

Initially I was excited, then wondered what I would do with this if I got one? I already have the kindle app on my iPhone / iPad. So, is the Kindle capable of anything to do with mobile music at all? I know it has text to speech, so it must be able to do something with audio, but more than that I don't know.

It seems like it could be an interesting platform, with a low entry barrier, but I'm guessing that until there is some indication of it being more than a book reader it won't be ticking any mobile music boxes for a while.