The latest rumours across the web are suggesting that Google is indeed planning to release a Nexus branded Android tablet that will be manufactured by Taiwanese maker Asus.
While there is no official confirmation on any of this by either of the players, several publications have reported in the recent weeks that Google is working in partnership with Asus to release a tablet that will be targeted at Apple's iPad. Being made on the lines of Amazon Kindle Fire to keep the price low, this tablet might cost just $149-$199 to the end-user.
Google tablet is indeed real but will not sport the Tegra 3 quad core processor as earlier rumoured. The real processor inside this tablet is still a mystery. It might be part of Texas Instruments' OMAP series, which is also the reference platform for Android's latest release Ice Cream Sandwich and is also used in Galaxy Nexus smartphone.
In terms of other features, the previously leaked information suggests that Nexus tablet will have a 7-inch display and Wi-Fi connectivity.
A pricing around $149 would certainly result in overwhelming number of sales but won't generate any profits for the company, unless Google is planning to recover the money from its Google Play content.