Engadget has discovered internal documents that reveal that Barnes & Noble is launching a new Nook Tablet on November 16th for $249. The Nook Tablet will be an upgraded version of the Nook Color, and will be a direct competitor to the Kindle Fire. The Nook Tablet reportedly packs a 7-inch VividView screen, 1.2GHz dual-core OMAP4 processor, 1GB of RAM, 16GB of internal storage, a microSD expansion slot, roughly eight hours of battery life with WiFi switched off, and Wi-Fi.

The Nook Color is apparently¬†“everything the Nook Color [does] + the best in HD entertainment”, says Barnes and Noble.¬†So how does this stack up to the Kindle Fire (which is $50 cheaper)? The Nook Tablet will feature double the storage and double the RAM.