The Nook Color is getting a $50 price slash, which brings the e-reader tablet to $199 — Android Central found today. Along with the price slash the Nook Color will be receiving a new software update 1.4 that brings Hulu Plus and the music streaming services Rhapsody, MOG, and Grooveshark to the tablet. All of the music streaming apps come with free trials, and Pandora also comes pre-loaded.

With the price slash, the Nook Color is a certain buy for the upcoming holiday season and it also comes in at a nice Kindle Fire competitor. But how about the Nook Tablet?

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