The PTab7200C isn't much of a tablet, but if it gets ICS then it will pack some serious power for the size. It's based on a 7" (800x480) capacitive touchscreen and it currently runs Android v2.3 Gingerbread on a RK2918 1GHz CPU. It has Wifi, 4GB Flash Storage, a microSD card slot, and it ships with the Kobo app. But it lacks Bluetooth or cameras, so it is definitely a budget tablet.
Still, it's going to have the latest version of Android for under $150. Given that budget tablets stopped at Gingerbread this year while the premium tablets moved on to Honeycomb, I have to say that this jumping an OS version was a surprise.
I'm sure this won't be the only tablet with ICS in the coming months, but it is still a surprise to see the second and third tier tablet makers catching up with the big boys. And ST isn't the only one, either; I've been told that Skytext has an ICS firmware in the works for their Alpha 2 tablet. It's in beta, and I plan to post about it next week.