Moments ago here at Pace University in New York City, Amazon.com CEO Jeff Bezos unveiled the company’s next version of its Kindle – the Kindle DX. The 9.7 -inch display is two times the size of the original Kindle and the device has a built-in accelerometer that allows you to view documents in a a landscape mode. The 3.3GB capacity Kindle DX will retail for $489. (To learn and see more, check out our hands-on.) It has built in 3G capabilities like the original Kindle and the Kindle 2 allowing for over the air downloads of books. And not just any books, we are now talking textbooks. An alternative to textbooks is what Amazon is aiming for with the DX. The device is targeted at students and Amazon has reached agreements with three of the leading textbook publishers: Pearson, Wiley and Cengage Learning. And five top universities including Princeton, Arizona State and Case Western have agreed to start pilot programs deploying the Kindle DX to their students. Additionally, Amazon is hoping the larger device can provide a modern electronic alternative to the newspaper. The New York Times, Washington Post, Boston Globe will offer the Kindle DX in exchange for subscriptions, though only to those that cannot get home deleivery at first. “We knew an e-reader product would offer the same satisfying experience as the newspaper,” Arthur Sulzberger, Jr. Chairman of the New York Times said on stage. Whether cash-strapped students and the reading public are ready to spend nearly $500 on a e-reader remains an open question.