Unfortunately, this announcement doesn't really bring too much new information. All of the specs we saw last week have panned out. It is still the same 7" 1280x800 IPS display, Qualcomm 8260 Snapdragon dual-core processor clocked at 1.2 GHz, 1 GB of RAM, 5MP rear camera, 1.2 MP front camera, stylus etc. One nice piece of new info is that the MeMO will be shipping with Ice Cream Sandwich, although the announcement claims it will be Android 4.0.1, which is odd, since Google has said that 4.0.3 should be the baseline version.
Asus has said that the 7" Eee Pad MeMO will be out in Q2 2012, but there hasn't been a price put on it yet. Given the specs though, we would be pretty shocked to see the 16 GB version any higher than about $350 to $399.
source: Droid Life