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Yesterday, Barnes and Noble announced the WiFi Nook, which will retail for $149.99, they also announced that they were dropping the price of the Nook 3G down from $259 to $199, making it considerably cheaper than the Amazon Kindle 3G.

Amazon has now responded to Barnes & Noble by dropping the price of the Kindle 3G from $259 to to $189, which makes it now cheaper than the Nook 3G, and the ebook reader price wars have begun.

best-new-latest-coolest-funny-top-high-technology-gadgets-Amazon Drops The Kindle 3G To $189

This is great news for consumers, who now have two 3G ebook readers to choose from form under $200, although the new WiFi Nook may be more interesting to consumers as it retails for $149.

It will be interesting to see if the two companies continue to drop their prices, will Barnes & Noble drop the Nook 3G price down to $189.

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