The new Kindle gains a frontlight (at long last) but that is just about the only improvement. It’s still stuck with the same 167 ppi screen, still has 4GB storage, and it's still the only Kindle model that isn’t waterproof.
And oh yeah, it costs $89, ten dollars more than the model it replaces.
At this price folks the Kindle costs only $10 less than the sale price for the Kindle Paperwhite. (In fact, the Paperwhite, which is waterproof and has a 300 ppi screen even hit $89 at one point in January.)
There is little to recommend the new Kindle over the Paperwhite, but if you want one it is up for pre-order now. It's scheduled to ship on 10 April (assuming Amazon doesn't come to their senses and cancel it).