The EGQ307 is running Android 4.2 Jelly Bean on an unnamed 1.5GHz quad-core CPU. It has 1GB of RAM, 8GB Flash storage, a microSD card slot, and Wifi. It also has a 7" screen with a resolution of 1024 x 600.
All in all that's not a bad start on the specs, but this is a $99 so corners had to be cut somewhere in order to make that price point. That's why this tablet has only a single camera, a VGA webcam. There's also just a single speaker on the back. It also has a microphone, g-sensor, and an HDMI port.
Ematic's tablets have generally been a crap shoot. Sometimes they're decent tablets for the price, but others have showed that too many corners had been cut. Which category this tablet will fall into is anyone's guess.