Apple iPad Takes on Kindle With iBooks Store
The interface mimics a bookshelf, displaying book covers on wood-themed shelves. Employing the same aesthetic, the reading app includes such subtle (and questionable) eye-candy as shadows where the "page" bends to meet the "binding." It's strangely similar to a previous library managing app Delicious Library.
If any company has the resources to take on the Kindle and its well-established e-book store, it's Apple.
Update: Well prices are in, and the iPad will be fetching $499 at the low-end (16GB of storage and no 3G) and scaling all the way up to $829 (AT&T 3G and 64GB), plus if you want to download books from anywhere you'll have to cough up for a monthly data plan starting at $14.99.