Nate the Great has the details over at The Digital Reader: Kobo Wifi revealed
Putting aside the fact that it turns out the Kobo Reader is the same hardware as the fall-part junk that was the Cool-er, a WiFi Kobo Reader brings up one very important question: Will it be able to check out ePubs from a public library wirelessly?
This would require having both a browser and Adobe’s DRM scheme on-board.
I think both of those things are highly unlikely, however.
1) Kobo’s current scheme allows them to bypass Adobe DRM royalties.
2) Including Adobe DRM could raise the Kobo Reader’s price.
3) I’m not sure if Kobo is up the task of including a Webkit-based browser (which is what all the Cool Kids are using).
Aside from the public library question, the other one is: What will the price of this be? $139 to match Kindle 3? $149 to match Nook WiFi?
The wired Kobo Reader is US$129 and that’s probably squeezing its margins, so the pricing of this will be very interesting.
Update: Hm, a Commenter requires me to clarify something. Yes, underneath the Kobo Reader is the same hardware as the crappy Cool-er, but I haven’t seen the complaints about the Kobo as I did for the Cool-er. So, I don’t consider the Kobo Reader to be crap like the Cool-er. I still recommend the Kobo Reader.