Borders and Kobo Team Up to Develop a New ReaderS

Borders is teaming up with a company called Kobo and making some grand plans. They apparently intend on developing a new ebook reader, a new ebook service, and having all the content be "device neutral." Pretty big task there, fallas.

The Kobo service is already live and will apparently allow downloading of "content to the most popular smartphones, including the Apple iPhone, Research in Motion BlackBerry, Palm Pre and Google Android devices."

Everything sounds quite lovely, right down to the point of Borders and Kobo wanting to make everything an open platform, but I'm just curious to see what sort of device the partnership will produce and when we'll actually see it on the market. [NY Times]