I already have a disembodied hand quite like that. They are highly overrated.
As for the e-reader. Note, since this is colour that means it isn’t e-ink- so it will be like reading from a computer screen- not like the glare free reading from a book.
Name brand e-ink Kindles are not that much more expensive.
I don’t know if this can be hacked to turn it into a cheap tablet.
Patience, patience. Woot seems to have an inexhaustible supply of these. One day they will forget to include their precious little disclaimer, and on that glorious day, we make our move.