From the press release:
Bug Labs, the award-winning open hardware development platform for prototyping and deploying next-generation electronics devices, unveiled at the Mobile World Congress today its second-generation hardware system, BUG 2.0.
The new version of the BUGBase product is based on the OMAP™ 3 platform from Texas Instruments Incorporated (TI) and also supports the popular BeagleBoard by seamlessly running all applications written for that device. BUG 2.0 also adds support for Android, allowing developers to port current Android apps to the BUG as well as create new apps that utilize BUG’s modules to create new Android-based hardware applications.
The company also announced support for the Android platform. This is a leap forward for both Bug Labs and Android, as it brings a wide developer community into the open hardware movement. Current Android applications can be ported directly to the BUG hardware, giving developers a new platform to expand on these apps and add significant functionality through open hardware. Further, Android developers can now build devices that span far beyond typical consumer-focused needs, such as in the healthcare, M2M and telematics industries.
So what does this have to do with ebook readers? That's easy. One, you always could have read on the Bug system (it ran Linux and had LCD screen options). And two, Texas Instruments' OMAP3 processor has the controller for E-ink screens built in. As soon as an E-ink screen attachment is ready, you'll be able to plug it in and read.
I have no word yet on whether it's being developed.