Today Velocity Micro announced three great new affordable color ebook readers that are running Android, But what we’re particular excited about is their $149 Cruz StoryPad aimed at children. This ereader packs in a simple touch friendly interface, inside of a drop resistant package with a 7” 4:3 800×600 full color touch screen display. The device can also playback videos, audio, it comes preloaded with audio book content and is able to read classic stories to children as they follow along. Cruz StoryPad will come in pink, blue and green and will include an SD card slot for additional storage.