Unfortunately, that's where the good news ends. Sure, the tab is under $200, but for that you're getting an Ice Cream Sandwich tablet which still has capacitive buttons for some strange reason, and the innards are just as strange. The E70 has a 1 GHz CPU (no word on cores, but we're assuming single), and just 4 GB of storage. It will be capable of 1080p out through an HDMI port.
Overall, if you're in the market for something cheap, this may be it. But, we'll wait and see what the pricing on the Asus Eee Pad MeMO comes out to be, since that is scheduled for release just a couple months later and has far better specs.
source: Android Police