This newest Kindle has the same screen size, but overall, is considerably smaller than it's keyboard laden cousin. About the only thing it won't do is audio. The 5-way controller button is the same as on the Kindle 3 (now known as the Kindle Keyboard), so if you already have a Kindle 3, you will be very comfortable with this.
The keyboard button is new. It is the second button from the left on this new Kindle. Pressing the keyboard button will cause an on-screen keyboard to appear. You can then use the 5-way controller buttons to navigate and select each letter you want.
This Kindle is Wifi only, meaning you need to have a wifi connection in your home to use it on the Internet regularly. The wifi will also work with any ATT free wifi hotspot, and if you travel, most hotels have free wifi available. You can also usually get a free wifi connection at most libraries and quite a few food places (McDonalds anyone?). So you can see, even with this low cost Kindle, you will have plenty of options.
If you don't want to, you never have to connect your Kindle to your computer, except maybe to recharge its battery. You will be able to visit the Archives and download any of your already purchased Amazon ebooks any time you want (and are connected to the Internet via wifi). With a wifi connection, you will be able to visit the Amazon Kindle book store to purchase any books you want. You will also be able to purchase any FREE books Amazon has to offer. Collect as many as you want. If you haven't been reading my blog long, you won't believe how many free ebooks are available. You will always have something available to read, and it won't be costing you an arm and a leg.
If you love to read, this might just be the Kindle for you. And it is available now! The Kindle Touch and Kindle Fire can be pre ordered, but won't be available until the middle of November.