small picture of the Amazon Kindle FireAmazon’s announcement of the Kindle Fire today threw down the gauntlet for both tablets and e-book readers. At just $199, it’s not much more expensive than previous e-readers, and it’s a heck of a lot cheaper than competing tablets.

In fact, you might be asking yourself: Why would I want a drab, monochrome E Ink reader when for a little bit more money I could get an awesome 7-inch tablet?

Conversely, why would I spend $500 and up for an iPad or Galaxy Tab when I could get a slightly smaller tablet for a fraction of the price?

We’re glad you asked. We can help you answer both questions. Here are the features, pros and cons of a number of tablets and e-book readers, sorted by price from low to high.

Read the whole roundup: Kindle, Nook, Kobo or iPad: Which tablet or e-reader should you buy? | VentureBeat.