Not so surprisingly, the NOOK Color was already being exploited to function as an Android tablet by the hacking community. But for everyone else, (those who aren’t comfortable rooting their electronics), Barnes & Noble just sent out the update which grants legitimate Android power to your reader.

Now NOOK Color owners can get apps on their device, although the selection is a little thin at this time. Barnes & Noble is only offering a measly 125 apps in the new NOOK Apps store, but it’s a start. And Angry Birds is available, so that should keep you busy until the store fills out.

The update also beefs up the web browser, enabling Adobe Flash 10.1, and adds a number of other cool features, according to Mobile Magazine.

Though a step closer to tablet functionality, the NOOK Color is definitely more limited than other products out there, but not significantly, and, at its price tag of $250, it is considerably more affordable. Froyo never tasted so good.

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