same specs as the Nexus 7 except:
Quad-core A7 instead of Tegra 3 (weaker)
5MP rear cam
external SD slot
non-stock Android 4.0 OS (ouch)
launching July with 8GB @ $129 in "developing countries" and 16GB @$149
the flying-off-the-shelf Hisense Sero 7 Pro still edge this with a mini-HDMI + GPS + Android 4.2
Awaiting the battery specs but this looks promising for the price
ASUS MeMo Pad HD 7 coming to the US for $149; emerging markets get 8GB $129 version (hands-on)