Owners of Hewlett Packard Co.’s discontinued TouchPad may have nabbed the lowest-priced premium tablet on the market, but could find a place for Amazon.com Inc.’s new Kindle Fire tablet due to a wealth of entertainment services.

The Kindle Fire, to be sold Nov. 15, includes a full-color 7-inch multi-touch IPS display, Dual-Core CPU, 8GB Internal Memory, Wi-Fi functionality, and up to eight hours of battery life at $199.00.

Kindle Fire applications include the Amazon Silk Browser, E-Mail, Amazon Instant Video, Amazon Appstore, and Amazon Cloud Drive with unlimited cloud storage for Amazon content.

Finally, each Kindle Fire will include a free month of Amazon Prime membership.

Amazon’s Instant Video service will offer instant streaming access to more than 100,000 pieces of movie and TV content, and 11,000 pieces of free movie and TV content for Amazon Prime members.

Content partners include Twentieth Century Fox Film Corp., CBS Corp., NBCUniversal Media LLC, Sony Corp. and Warner Bros. Entertainment Inc.

While, TouchPad owners can access the service via Amazon’s main website, the experience will be fragmented compared to Kindle Fire‘s proprietary interface to purchase and view content.

In addition, all books, music, movies, and apps purchased from Amazon via Kindle Fire can be stored in Amazon’s Cloud storage service at no cost.

The TouchPad, which was discontinued in July, offers the HP MovieStore by Rovi Corp., but holds a limited selection and premium prices for rental or purchase options.

Additionally, Hulu Inc. disabled the ability to stream content via the TouchPad, and Netflix Inc., which uses Microsoft Corp.’s Silverlight for web streaming, does not support the webOS browser.

However, Amazon’s Kindle beta application for TouchPad delivers Kindle books on a larger 9.7-inch IPS display for less than the Kindle Fire.

The largest coup for Kindle Fire owners will be the Amazon Appstore, which offers a free daily app and a large catalog of downloadable applications from games to news to productivity.

Development for TouchPad apps have come to a halt following the discontinuation of the device and uncertainty regarding the future of the webOS platform.

HP Aug. 19 price cut the TouchPad 16GB SKU to $99.99 from $499.99 and the 32GB SKU to $149.99 from $599.99 due to lackluster sales.

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