Remember how Barnes and Noble said it was going to give up on its Nook tablets? Well they are back! As branded Samsung Galaxy Tabs. Samsung and B&N just signed an agreement to bring the Nook software and name to a flavor of the 7-inch Galaxy Tab 4. Hooray?

Business Insider reports that Barnes and Noble has laid off its Nook hardware engineering team in a drastic effort to return the product and the company to some semblance of a competitive position in the ereader/tablet market. B&N confirmed layoffs but declined to comment on their nature.

Two months after announcing that it would cut back, Barnes and Noble now says that it will continue to manufacture the entire line of Nook devices. You can also expect a new Nook for the holidays. [CNET]

Nook fans! This fall you can buy videos directly from your Nook, and a CLOUD to put 'em in, just in time for last year.