Barnes & Noble will launch a new member of the Nook family of tablets and e-readers, the Nook Tablet, on November 16 for $249, according to leaked presentation slides published by Engadget.

Furthermore, the company plans to reduce the price of Nook Color from $249 to $199, while the Nook Simple Touch's price will drop from $139 to $99.

The announcement will likely come November 7, when Barnes & Noble will hold a press conference in New York City, and we'll be there live to cover the event.

However, if the leaked presentation slides are legit, we already know a whole lot about the upcoming Nook Tablet. It will sport a 7-inch IPS color touch screen with a 1024×600 pixel resolution, a 1.2 GHz dual-core CPU, 1 GB of RAM, 16 GB of storage and a microSD expansion slot.

Visually, it will be very similar to the Nook Color which, besides the price cut, will also get a software update with some nice additions, such as Hulu Plus, more magazines and comics as well as access to music via services like Rhapsody, Grooveshark, Pandora and MOG.

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