Plan is to root it, and install Cyanogenmod 7 (via xda-developers).
I figure it's a cheap way to test multi-touch android on a capacitive touch display.
Nook Color Guide / How To / Utilities
I am going to use this guide to install on the microSD card first, probably on a Sandisk class 4 (or 2) microSD card. [source] likely class 4 16 gig.
The main install guide is verygreen's @ XDA.
Other install guide on YouTube.