Well, basically Kindle is a wireless Ebook reader. It can store a whooping 1,500 books. And there's audiobooks too. You can have your newspaper, magazine and blogs delivered right into it, with a fee of course. Since it's 3g capable, you purchase and download anything from the Kindle store whenever, and wherever you want. Save you a trip on going on a bookstore.
It may cost around Php15,000 (plus tax and custom fees) but you still need to pay in US$. I think this is it's only disadvantage in owning one. You have to pay all those fees in US$ because you'll be buying all your books on Amazon US too. So say hello to US$ transactions on your credit card bills.
If you want to learn about the full specs click here. I don't want to elaborate more since there are a lot of blog posts and reviews about it. Here's one from Yugatech.
I like to have one but I think I still prefer the smell of new books.
Ta tah for now. I'll get back on reading Eclipse.