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I just got one too with the ebay deal. Its amazing! So glad I bought it.
Spent the train ride home surfing the web on my nook color tethered to my iPhone with MyWi.
It cant recognize adhoc networks for some reason so you have to transfer this script over with adb. It kind of looked intimidating at first but it was very easy.
http://forum.xda-developers.com/showthread.php?t=868354&highlight=wireless
I installed this stripped down version of ADB
http://forum.xda-developers.com/showthread.php?t=910008
And then used the adb wifi widget on android marketplace to connect to my computer (I couldn't get it to work through USB for the life of me)
I also love my Nook Color. I'm not actually rooted as the new 1.2 software upgrade is doing what I need at this time.
I'm also watching the BN App store to see how that progresses.
Best part is that as the device boots from the miniSD slot, I've been trying the CM7 Gingerbread to also experience that environment with 1.1GHz overclock.
Very nice.
As to the display, it's an IPS LCD so it's pretty amazing and is better thant the Galaxy.
I used the manual nooter with clockwork mod after the 1.2 update. It is a great little device with better standby battery life after the root and update. Don't know why.
So you updated to the 1.2 and then rooted it and you ended up with even better battery life?