Barnes & Noble To Reveal New Nook Tablet On Monday

Barnes & Noble is hosting a press conference on Monday to announce a new Nook product. That was all that we knew when we last posted about it, but now a tipster has alerted us that the press conference will be given to reveal a new Nook Tablet (pictured left).

The Nook Tablet will be $249 versus the Kindle Fire at $199, but according to the source, the new tablet will be faster than the Kindle Fire. The tablet will be the same size as the Kindle Fire (and the old Nook Color), but it will have a high resolution display and 1GB of RAM, versus the 512MB of RAM in the Kindle Fire. The release will also come with new content partnerships including the ability to stream video from Hulu Plus and music from Rhapsody, MOG and Grooveshark.

Barnes & Noble plans will begin preselling the tablets on Monday and the device will ship November 16th. Demo units will hit stores on November 15th, the ship date of the Kindle Fire.

We’ll be live blogging the event on Monday at 10am ET, so check back for more details.