The 7" Nexus tablet is rumored to feature Nvidia's quad-core Tegra 3 processors. With a rumored street price of $200, there will be some sacrifices in the specs or hardware. It would not be a suprise to see plastic body, low storage capacity (8GB?), and lower resolution screen. However, nothing has been really confirmed although the Tegra 3 processor seems to be a given. On the other hand, the Nexus tablet should feature Google's next Android version - 5.0 Jelly Bean.
[Update] - News was released on 5/30 that the Nexus tablet has appeared in Rightware's Power Board benchmark. Things of interest: model name is Nexus 7 (for the 7" screen"); codename is "Grouper" (Google traditionally gives Nexus or official developer hardware fish names); and interestingly enough Android version 4.1. Jelly Bean is probably not 5.0 meaning that its not a major revision to Android. Guess we will find out soon enough.
For $200, would you buy this 7" tablet?