It's called the Open tablet, and it is running Android 4.2 on a quad-core 1.2GHz Marvell PXA 1088 processor. It has 1GB of RAM, 16GB of storage, a microSD card slot, GPS, and Wifi. This tablet also has a 2MP front-facing camera, a 5MP rear camera, front-facing speakers (a rarity among budget tablets),
The Open tablet is named for 7-11 Taiwan's mascot, though at this point it might be better to describe Open as 7-11 Taiwan's in-house brand. They've also released a couple TVs under this brand in July.
The Open tablet is going to cost 5,990 NTD when it is available later this year, or about $203 USD. It's also going to be available with a dongle that will stream media to compatible TVs for 6,990 NTD. The tablet's made by Foxconn, and will be available via 7net, 7-11 Taiwan's website. Customers will be able to pick up the tablet in select stores.
I'm having a little bit of trouble parsing the specs listed on the product page, but from what I have seen so far this looks like a decent value. This tablet has at least one feature that I wish all tablets shared: front-facing speakers. I know that putting speakers on the rear of a tablet is the norm but I've never liked how that results in a muffled sound.
Only a handful of tablets, including last year's Kobo Arc and the Nvidia Tegra Note (and its clones), have repaired the poor design decision made by many a tablet manufacturer; I wish more would do so.