The new Sony reader is indeed the one I found on Saturday, and it does have a 6" Pearl screen, Wifi, 2GB Flash, touchscreen, stylus,and is billed as the lightest ereader there is (so what). It's running a heavily concealed version of Android.
It's going to hit store shelves in October and cost (here in the US) $149. Yes, that is a lot less than the European price we saw on Saturday. The new T1 is also going to come bundled with a coupon for a free copy of Harry Potter and the Scorcerer's Stone, which is also supposed to be available in October.
Of course the really interesting detail today is that Sony will launch an ebookstore in the U.K. in October. They plan to have in excess of 100k titles on hand. They also plan to open stores in Germany and Austria later this year and in France, Italy, Spain next year.
They're opening ebookstores? Why? They're not doing a very good job in the US market, so I think it would be better to go with a ebookstore partner - kinda like what they did in Australia. The Australian models of the Sony Readers don't have an ebookstore; customers are recommend to use Kobo (now run by Pearson).
In fact, I'd say that Kobo would be a great partner for Sony in Europe. What do you think?