Engadget is reporting that Amazon has announced the new Kindle 2 for release on February 24th at a price point of $359. Thinner than an iPhone and coming standard with "Read-to-me" text-to-speech capability, the new device also has seven times more storage, faster page turning, a 16-level e-ink display, longer battery life, and a new five-way joystick. Looks like life just got a lot more interesting for fans of the original device. Engadget also has live coverage from the Kindle 2 press conference.