According to a press release found at Sony.ca there's going to be two new versions of the sony reader coming out at the end of the month.

The Reader Pocket (PRS-300) appears to be a stripped down PRS-505 with a 5 inch screen. The memory stick and SD card slots have been removed and it looks like it won't play MP3's anymore. They've also stripped out a few of the buttons.

It'll be available in silver, navy blue and rose (which looks more like faded red to me)

It'll retail for $199 in the US, and $279 in Canada.

The Reader Touch (PRS-600) Appears to be Sony's attempt to fix everything that's wrong with the PRS-700. It's sporting a 6" touchscreen, but, as far as anyone can tell from leaked service manuals and anecdotal evidence, the LED side lighting has been removed. This will get rid of the light pipe layer that was present in the PRS-700 which caused blurry screens and poor battery life. The 600 appears to have more in common with the PRS-505, except with the addition of a touch screen. It's also features an onboard dictionary and the ability to highlight, annotate and take notes either with your finger, the stylus or the on-screen keyboard.

The Reader Touch will be offered in red, black and silver and will retail for $399 in Canada and $299 in the US.