I've just been told by Ectaco that they will be shipping their newest ebook reader to the US in December. And yes, they plan to sell it for $30 less than the Kindle DX.
This is the first color epaper ereader to hit the market anywhere, and it's based on a 9.7" color E-ink screen, with a SD card slot, Wifi, and a Wacom touchscreen.The rest of the specs are not finalized just yet.
I'm not sure that ebook reader is actually a good term for this device; it's not targeted at the same market as the Kindle DX. The Jetbook Color is an academic product. It's running a lot of customized software that you don't find on your usual ebook reader, including test-taking, scheduling, reference sheets, and other apps that schools have requested. It will also have TTS courtesy of SVOX, a specialist.
According to Ectaco, this model has been under development in Russia since May. Ectaco has a deal signed with the Russian government to customize the software for Russian schools.
The screen resolution is going to be rather low when displaying (800x600), and screen refresh isn't very fast, but then again it's going to cost less than the Kindle DX and come with a color screen. That alone will give the Jetbook Color a shot in the retail market,