The Chilean newspaper La Tercera reported a juicy scoop last week. According to the paper, Amazon will be launching a local Kindle Store in Chile sometime in the next 18 months. The paper goes on to cite Pedro Huerta, one of Amazons's Directors of Kindle Content, as confirming the news.
To be honest, this bit of news was little more than a footnote in the article, but I believe that it will happen. It would be almost impossible not to happen. 18 months is an awfully long window of opportunity, and besides, Amazon already added support for Spanish to the new Kindle; they're clearly planning ahead.
I believe that Amazon will launch in Chile in less than 18 months, but that's because I'm half expecting that Amazon will launch local Kindle Stores in parts of Europe and most of South America in that same time period. When I hear that this one will open in a year and a half, I'm not surprised.
That might seem like an awful lot of Kindle Stores opening in a short amount of time, but I think the pace of expansion will only increase. Also, Amazon is clearly working towards opening these Kindle Stores; they have a content director for Latin America and South America.