Update: This post is based on the original firmware. Much of what I say about the software is no longer valid.
The picture at left is the Novel minus the back cover. As you can see, there are a pair of speakers at the bottom, the plug is on the right, and there is a microSD card slot on the left. There's a 1GB card in the slot right now, and it should be possible to replace it for more memory (the external slot supports SDHC cards.)
There's a firmware update on the Pandigital website. I installed it. The Wifi still doesn't work and the Novel still responds slowly. But the update does appear to have fixed the touchscreen problem.
I'm also beginning to have doubts about the build quality. The face plate is peeling off at one corner.
One more detail: The Novel is supposed to have a landscape mode (check the Pandigital website). I can't find a way to enable it.