Is Kindle 2.0 Worth the $359.00 Price Tag?

<div style="float:left; margin-right:5px;"><object width="325" height="250"><param name="movie" value="http://www.youtube.com/v/32VZL71YptU&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/32VZL71YptU&hl=en&fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="325" height="250"></embed></object></div>ZDNet has an informative article on the economics of Kindle 2. Jason points out that the price of Kindle of $359.00 is too much when America is on the worst recession in modern history.

I personally like Kindle but the price tag doesn't justify my would be usage for it as well. If it's going to be $100.00 - $150.00 cheaper as Jason suggests, it would be a different story for me. I'm pretty sure, this sentiment would be shared by millions of people as well. Heck, a PSP hardware which only cost around $175.00 would provide more functionality and better ROI than a Kindle. You can actually download a software named bookr to read e-books in PSP.

As written: Needless to say, there is a lot riding on this product launch. For starters, the Kindle 2 is being announced during one of the worst recessions in modern history. Unemployment is on the rise and is starting to approach late-1970’s levels, and consumer spending on durable goods is completely in the toilet. So I find it utterly mind boggling when Bezos and crew can say with a straight face that the new Kindle 2 is going to sell for the same full retail price as the old Kindle — $359.00. And guess what, there’s a waiting list for it too.

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