Earlier today, a press release for the ASUS EEE Pad MeMo ME171 was made available that put consumers on the edge about the tablet. According to the release, it would launch with a dual-core 1.2GHz Qualcomm 8260, Android 4.0, a 7-inch 1280×800 display, 5 megapixel camera and up to 32GB of storage. We speculated that if it was priced anything like the Transformer Prime, it would probably come in at around $350. Well NVIDIA has just pulled a rabbit out a hat, announcing an improved MeMo model that will come with a Tegra 3 and retail just $250.

The Kindle Fire and Nook tablets have both sold well over the holiday season. While the content available and advertisements surrounding the devices certainly helped, seeing the $199-$249 price tag is what really had shoppers pulling the trigger. Power users and Android enthusiasts however, weren’t quite as tempted by the low prices. You definitely pay a lot less for a device like the Kindle Fire over the Transformer Prime, but it shows in performance. Wouldn’t it be great if you could have the power of the Transformer Prime in a Kindle Fire-like device that actually cost around the same amount of money? That’s where the EEE Pad MeMo 370T from ASUS comes in.

With the MeMo 370T, ASUS will completely blow the competition out of the water. For a mere $250 dollars, you get a a 7-inch 1280×800 display with a killer pixel density and a full blown Tegra 3. You may argue that the Kindle Fire has Amazon’s ecosystem backing it, but with Google Music, the Android Market, a wide array of video apps and a certified Kindle reading app, the ecosystem boosting the MeMo is just as robust as the Kindle Fire’s, if not more so.

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