Microsoft to announce a tablet on Monday in partnership with Barnes and Noble to compete with Amazon’s Kindle Fire

Microsoft and Barnes & Noble Inc. have joined hands to announce a strategic partnership – A B&N subsidiary, provisionally referred to as Newco. Read more for more details, and the unanswered questions.

Barnes and Noble are apparently working on a successor to the Nook Color, according to an SEC filing. It will be launched on May 24 and may be powered by Android 3.0 Honeycomb.