Google just launched their new Android tablet called the Nexus 7 at Google I/O 2012. It will be the first device to ship with Android 4.1 Jelly Bean pre-installed.

The device will come in two variants: 8GB model and 16 GB model.

The best part it is that it costs only $199 for 8 GB model and $249 for 16 GB model, providing competition to the Kindle Fire and other cheap tablets out there in the market.

The tablet will feature a 7″, 1200 x 800 display and a quad-core Tegra 3 CPU. The Nexus 7 will also be  the first device that will ship with Chrome as the default browser.

It will have a USB as well as a Micro USB port.

Here is a hands on video of the Google Nexus 7 tablet from Technobuffalo

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