Details are scarce on the ViewPad 7e, but it is known that it has Wifi, Bluetooth, HDMI out, and it will be shipping with the Kindle app pre-installed. If you look at the promo image at right, you'll see that it also has what looks like a camera in one corner.
It's going to be running Gingerbread, and the retail has been set at 169 euros. We'll probably see it in the US for about $169. The ViewPad 7e is due to be unveiled at IFA-Berlin 2011, which starts a couple weeks from now.
We won't know for sure until someone cracks the case, but I think this bears a striking resemblance to the Pandigital Nova, another budget tablet. That could be a good thing; the Nova has pretty decent performance for the cost.