This could be it! According to Gizmodo of Austrailia who have somehow gained access to a training document. This bit of info comes to us just before Google I/O where this tablet is to be announced!

 

It will have

• 7″ IPS display with 178 degree viewing angles (1280×800 resolution)
• 8GB and 16GB storage options, priced at $199 and $249
• 1.3GHz NVIDIA Tegra 3 processor
• 1GB RAM
• Jelly Bean (Android 4.1)
• NFC with Google Wallet loaded
• 1.2MP front camera
• 9 hours of battery life

This sounds about right, but I guess we wont be for sure until Google I/O in three days.

 

Via Gizmodo