The product listing is actually rather thin on details, but that's not such a big deal given that I recognize this tablet. This is a rebranded Archos Arnova 7d G3.
Update: Apparently this is also the Archos ChildPad, only with $20 added to the price. This one device has more named attached to it than the average pro wrestler, and it's still not worth getting.
Most tablet makers who design their own products have a signature style, and Archos is no exception. It took me a few minutes, but I have identified the Tabeo as an Archos Arnova 7d G3. I have not put my hands on this tablet but I do have the spec page and that tells me a lot more than ToysrUs is willing to share.
For example, the screen resolution is 800x480, which is incredibly low for a $150 tablet (the Kindle Fire has a 1280x600 screen). This tablet has speakers and a mike, and that should enable (with luck) video conferencing. Of course, this is a cheap tablet so the camera is likely junk, but that has not yet been confirmed.
The product listing for the Arnova 7d G3 also confirms that this tablet runs Android 4.0 on a single core 1GHz CPU. While that is not bad for a sub-$100 tablet, the Tabeo costs $150 and frankly ToysrUs should be embarrassed to offer so little for so much.
After just a few minutes reading the product listing, I can categorically say that there are better values on the market. Many of the sub$100 budget Android tablets have similar abilities and cost less, while the Kindle Fire offers performance that will be twice as good and costs only $10 more than the Tabeo. In particular, a lot of buyers like the Polaroid tablets. They have much the same screen and CPU plus they can be hacked to install Android Market.
Folks, if you really want to get your kid a tablet I'd go for either a much cheaper tablet or the $159 Kindle Fire. In fact, the KF looks to be a better kids tablet than the Tabeo because the KF will also soon offer parental controls. Parents will be able to choose how much access kids have to games, videos, and the web, and the KF will cut off access based on rules set by the parent.