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Will the Xoom do magazines like the Nook Color?

Ok I did search but could not find the direct answer to my question.

What I want to know is, will the Xoom be able to have the same functionality as the Nook Color when it comes to magazines and newspapers. I love the way its set up on the Nook. I will still get the Xoom but really want the way the Nook does all the mags and news. Any info on this would be great. Thanks for the time.
 

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