This tablet is running Android 4.2 on an Nvidia Tegra 3, a quad-core CPU with a clock speed of 1.4GHz as well as a 16-core ULP GeForce GPU. This tablet also has 1GB RAM, 8GB Flash storage, a microSD card slot, Wifi/BT, all packed behind a 7" 1280 x 800 resolution screen.
It also has a VGA resolution webcam, a 5MP rear camera, GPS, HDMI out, and it weighs in at a solid 342 grams.
All in all, the specs for this tablet are a solid step up from the HP Slate 7, which was launched in April of this year. That older tablet had a lower resolution screen and was based on a Rockchip RK3066 dual-core CPU.
On the other hand this tablet is also a significant step down from the Slate 7 Extreme, the Tegra Note clone that HP announced about a month ago. That tablet is based on the Tegra 4 chip and has a stylus as well as all around better specs.
The Slate 7 Extreme is rumored to sell for $199/199 euros when it ships later this year, so it might make sense to wait and see if that rumor comes true.