The tablet computer war just got interesting, with announcement of cheap Google Nexus Tablet, Phone and Player at ongoing Google I/O 2012 event. While consumers are eagerly waiting for release of recently announced Windows Surface Tablet and expected next-gen iPad announcement with iOS6, Google dropped the nuke with Android 4.1 Jellybean powered tablets with awesome hardware specs at rock-bottom prices.

Google Nexus 7 features an impressive powerful quad-core Tegra 3 processor, 7” 1280x800 HD back-lit IPS display, 1 GB RAM, 6/16 GB internal storage, Scratch-resistant Corning® glass, 1.2MP Front-facing camera, NFC (Android Beam), WiFi, Bluetooth, MicroUSB, Accelerometer, GPS, Magnetometer, Gyroscope with all new Android 4.1 (Jelly Bean) at an rock-bottom price of US$199 (8 GB), US$249 (16 GB) only.

The tablet will be made available US only initially and will start shipping this July, Official introduction video and link posted below.