One of my searches turned up the product page for the Maylong M-150, a 7" (800x480) Android tablet. It runs v1.6 on a 400MHz CPU and 256MB RAM. It has Wifi, a resistive touchscreen, speakers, microSD card slot, and it even ships with a dongle that provides 10/100 and USB ports. The product page lists that the M-150 ships with a full browser, reading app, Youtube, and a video player.
The interesting thing about the CPU is that it was designed by Via, so it's probably more powerful than the clock cycles suggest. We won't know until someone puts their hands on it.