We are expecting Barnes & Noble to cut the price on the Nook Simple Touch ereader and it also looks like a price cut will be coming for the Nook Color. As for this one, the price should be dropping from $249 down to $199. Word on the interwebs is that this new $199 price point will go into effect on November 16th and that it will come along with some new software. More specifically, it will come along with version 1.4 of the Nook Color software. In terms of details on the software, that looks like it will include goodies such as access to streaming video by way of Hulu Plus and streaming music by way of “the hottest music services” including Pandora, Rhapsody, MOG and Grooveshark. And lastly, the Nook Color will also be getting some additional games including Scrabble.