The screen still has a pixel density of 300ppi, but now supports a number of new customisation options, including night mode-type functionality.
You'll get a battery life of "weeks, not hours" and there's a fast charging feature so you can get from dead to fully charged in two hours. There is also a $350 model that offers free cellular connectivity, allowing you to download books without relying on Wi-Fi.
If you love reading e-books in the bath, but have always anxious about your e-reader meeting a watery grave, Amazon has finally answered your prayers.
On the front, there's now a 7-inch Paperwhite e-paper display, rather than the 6-inch of before.
There's speed control, to slow or speed up the rate of the narrator, while Whispersync keeps track of where you're up to across any Kindle or Kindle app you might be using.
CNBC had a chance to check it out early, here's what you should know.
Both the Kindle Oasis 2 and its predecessor share the same basic DNA, but there are some noticeable changes in the updated version. The prices for those devices are £229 and £259 respectively (the original was £269.99, so you're now getting less for more).
The new Kindle Oasis' display boasts 300 pixels/inch and 12 LED lights are used to illuminate the screen. It makes the overall reader bigger though, and it's a lot less pocketable.
The improvements don't end there, though. But is it worth upgrading from last year's Oasis? You can also invert black and white on the screen if you wish. That's triple the battery life of the first Oasis, which was cited at two weeks. The old Oasis was 131g without the battery cover and 238g with it on.
Amazon also included a few helpful accessibility features in the new Oasis. Gone are the physical keyboard and headphone jack (see below), and here are Bluetooth, deep Audible integration, and adaptive lighting.
There is more to this than meets the eye, though.
It also supports Audible, Amazon's audiobook company, allowing users to listen to their titles by connecting to headphones or speakers via Bluetooth, and purchase new audiobooks from the device itself. Why on earth would you need all that for notoriously small eBooks? It's also way better, featuring a larger screen, water resistance and more.
Amazon has announced the all-new Kindle Oasis, which it dubs the most advanced Kindle ever. At a time when many manufacturers are hiking their prices mercilessly and £700 seems to have become the new normal price for flagship phones, this is welcome news indeed.