It looks like the PressReader App, from NewspaperDirect Inc, that makes 1700 News Papers from 92 countries in the world available for iPhone and iPad users has now made it available for Samsung Galaxy S Android users too (see the image for PressReader app).
The App was seen installed along with the Froyo update that happened today (29 November) for Indian handsets (not sure about other Froyo releases). Although the App won’t open now; when you tap it, you’ll get a notice mentioning that the ‘Service will be available soon’.
You won’t find the Press Reader App when you search for it in the Android Market, so it looks like Samsung has made a deal with NewspaperDirect Inc to make it available for its users. Whether it is only for Indian users or others will be known soon.
Update: You can confirm that this is a system app installed along with the froyo update as you will not find the app in the list of Applications on your Galaxy S and also you won’t be able to delete it via Menu->Edit->Delete.
Update 2: It looks like the the service is finally enabled. When you tap on the icon, it redirects to Samsung Apps and lets you install the press reader App. This is a System App and you won’t find this in Samsung Apps once you completed installation.
There are literally thousands of News Papers from around the world for your to read and infact have them delivered to your PR App as soon as they are available, every day.