Amazon announced today a new Kindle – calling it a Kindle with Special Offers. The new Kindle edition is $114 and is available for pre-order,  shipping on May 3rd!

amazon kindle special offers

The Kindle with Special Offers includes everything you wanted on the latest generation Kindle (Amazon Kindle 3) – but there’s a twist. It’s cheaper! Before you rush to pre-order, do know that this device is loaded with ads (or as Amazon calls them, offers).

Kindle with Special Offers includes all the same features readers love about the latest-generation Kindle—the same paper-like Pearl electronic-ink display that’s easy on the eyes even in bright sunlight, same one month battery life, same ultra-light weight at just 8.5 ounces—plus a new low price of $114 and special offers delivered regularly to your Kindle, such as a $10 for $20 Gift Card, $1 for an album in the Amazon MP3 Store, and a $100 Gift Card with a new Amazon Rewards Visa Card.

Special offers and sponsored screensavers display on the Kindle screensaver and on the bottom of the home screen—they don’t interrupt reading.

To pre-order Kindle with Special Offers for $114, click here.

You’ll receive special offers directly on your Kindle. Examples of the special offers that will be available in the initial weeks include:

$10 for $20 Gift Card
$6 for 6 Audible Books (normally $68)
$1 for an album in the Amazon MP3 Store (choose from over 1 million albums)
$10 for $30 of products in the Amazon Denim Shop or Amazon Swim Shop
Free $100 Gift Card when you get an Amazon Rewards Visa Card (normally $30)
Buy one of 30 Kindle bestsellers with your Visa card and get $10 credit
50% off Roku Streaming Player (normally $99)

What do you think? Is it worth the additional savings of $25 for the “Special Offers”? Deal or Dud?