Funny, because it is true? SNL’s Seth Meyers tackles the Fire vs. iPad debate at 48 secs in (YouTube).

You know, no one is really talking about this, but at a smaller 7 inches and priced at $199, the Kindle Fire is more of an iPod touch competitor than a iPad competitor…at least as far as budgets and capabilities are concerned.

We’ve heard there are some iPod touch price cuts coming on Tuesday which should make them even more competitive.