Leaking out ahead of the Google I/O keynote is the announcement of their new tablet, the Google Nexus 7. Even the early details are enough to proclaim this new device a strong competitor with the Kindle, Nook, and iPad. The Nexus 7 will sport a quad-core processor, a comfortable grip, front-facing camera, and runs on Google's latest Android OS, 4.1 Jelly Bean.

UPDATE: The Nexus 7 has a confirmed $199 price point, that comes with a $25 Google Play credit. It will be available for pre-order starting later today and will ship in mid-July.

[engadget]