Pi - an e-book reader from Infibeam, an Indian Company

Yes it does. Engadget did a post on the blatant rip-off of both the Amazon.com website and Kindle http://www.engadget.com/2010/01/26/keepin-it-real-fake-part-...

Infibeam responded with a blogpost here : http://blog.infibeam.com/2010/01/uniqueness-argument.html