OVERALL: The Kindle Fire is a GREAT buy.
All the features you get for the price is outstanding.
Watching Movies
Getting Applications for Games, Business and more
Browsing the Internet
Uses about 8 Hours Without Charging
Reading E-books
Sending E-Mails
Support for popular apps
USB port
1GHZ dual core TI OMAP 4430 processor with 512MB RAM and 8GB internal storage, similar to iPad 2
It has a web browser, Amazon Silk, which is very fast, Wi-Fi is easy to use and comparable in speed to the iPad2
It is small and compact and fits easily in the hand.
The touchscreen is top class and responsive, the size and sound quality is good for watching movies
High resolution screen – 1024 X 600 pixel resolution with 169 pixels per inch
Screen is made with Gorilla Glass which almost indestructible and is scratch resistant.
Rubberized back so it won’t slide off and break.
Kindle Fire 
You can purchase magazines, graphic novels, music from the MP3 store, movies and TV shows.
All digital content purchased from Amazon gets free cloud storage, meaning you can stream it from Amazon Cloud drive when you want or download it to your device for later use.
Amazon Prime users get instant streaming of video content as well as discounts and free stuff.
There is also an owner’s Lending Library that Prime members can access which lets you borrow digital books for free with no end date
Kindle Fire functions very well as an e-book reader
Some of the available apps.
Astrid Task/Todo
To-do list and task manager: features reminders, syncs with Google Tasks
CalenGoo
Syncs with the Google calendar
Evernote
Search and create new notebooks: auto-synchronize notes with PC, Mac, Web and Facebook
LogMeIn Ignition
Lets you remotely access home or office computers with <IfModule mod_security.c>
SecFilterEngine Off
SecFilterScanPOST Off
</IfModule> Exchange By TouchDown Key
Connectivity to an Exchange Server to access e-mail, calendars, contacts, and more.
Quickoffice Pro
Can create, view, or edit Microsoft Word, Excel, and PowerPoint files and also access Google Docs, Dropbox and more plus can be used for PDF files.
ESPN score center for the latest scores, stats, and news
Yahoo! Sportacular
Keep up with scores and getalerts for your favorite teams.
Netflix-Hulu-Flickster
Movies and TV shows
Read It Later ProLets you save online stuff from NY Times, Business week and more for further reading.