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Billed as an eReader, the new Cruz Reader seems to almost approach the “pad computer” level of functionality.  Coming in at about $200, the folks over at Cruz may just have a winner.  This thing is a seven inch wonder, by supporting a whole list of formats from the expected image formats to H.264/MPEG-4.

Just a short list of features and specs for the device from the Cruz website, and we’ll let you be on your way:

• Download and read over 2 Million ebooks in full color from the Borders book store
• Browse the web from any hotspot via integrated 802.11 b/g wifi
• Stay up to date with email and social networks, even while on the road
• Listen to your music collection on the go
• Download and watch full movies and other videos on a crystal clear 4:3 display – great for travel!
• Play games and install custom Android apps

• Crystal clear 4:3, 800×600 full color touch screen display – ideal for viewing ebooks and magazines, web pages, and movies
• Built in tilt activated accelerometer
• USB and SD card slot for upgradable storage, including a 2GB SD
• Built-in Dictionary, Notepad, Calendar, Alarm Clock, Contacts, Games, and other useful apps
• Access to over 2 Million ebooks via included Borders E-book library portal application
• Extended life, user replaceable battery
• 802.11b/g Wifi and full browser support
• Access to the Cruz Market™

• Full color TFT display
• 7” diagonal 800×600 screen
• Android 2.0
• 256MB RAM, 256MB internal storage
• Supports ePub, PDF, TXT, PDB, HTML reader files
• MP3, WMA, AAC, WAV audio support
• MPEG-4, H.264
• JPEG, GIF, PNG, BMP image support
• 802.11 b/g wifi
• Li-Ion battery – up to 10+ hours of life, 24+ standby
• 4GB Bundled SD card