We're huddled up in an obscure corner of the New York Public Library, waiting for Sony to drop its new Reader news on us. There are numerous publishing people here, and for our money we'd say a wireless-equipped, "daily" news sort of device is about to descend upon us, but we'll find out for sure when Sony gets on the makeshift stage and tells all.

10:30AM: The President and CEO of the New York Public Library is up front, and he says the digital content of the NYPL will be available to Sony Readers for free.

10:34AM: Steve Haber, president of Sony's Digital Reading Business Division is up now, and he likens the transition from books to digital books to vinyl to CD and film to digital photo.

10:38AM: Launching 3.0 eBook Library software. Mac and PC compatible, notes made on the touch edition can be printed.

10:40AM: Library Finder. You can register for a library card, and then check out ebooks from the "library" over the internet. Content expires in the number of days specified by the library. No late fees!

10:43AM: Sony Reader Daily Edition! 3G, 7-inch touchscreen, $399. Picture is up top.

10:53AM: Check out some "hands-on" photos below. He didn't let us touch it, and apparently this isn't even a working prototype. Still, from our angle, it's looking pretty slick!