C.S.
I LOVE my Nook. I get magazines, you can get newspapers too, books, etc. I LOVE the wishlist so that if I hear of a book I want in the future, I type it in and it's there for reference when I'm next ready for a book.
It has apps-my son likes playing AngryBirds and now I'm addicted too! I surf the web all the time, etc, etc.
You can also get music on it, keep files & pictures and lots of other stuff. I like the NookKids stuff as well.