During this morning's Google I/O 2012 keynote, the new Nexus 7 tablet was revealed. This is the first reference Nexus tablet, and sports a 7-inch 1280 x 800 IPS LCD display. It will also be the first device to ship with the brand new Android 4.1 Jelly Bean operating system, which was also detailed this morning. The Nexus 7 is manufactured by ASUS, and on the inside you'll find a quad-core Tegra 3 processor, 1.2 megapixel front camera, and NFC. Google seems to be putting this one agianst the Kindle Fire, pricing it at $199 for an 8 GB model, and $249 for 16 GB. You won't find another 7-inch tablet with better specs for the price. When you buy a Nexus 7 tablet you also get $25 in free Google Play credit, as well as a bunch of bundled content. If you wanna order one, pre-orders are now live in the US, Canada, UK, and Australia, and they'll start shipping in mid-July.
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Google I/O 2011 just kicked off, and you can watch how everything unfolds live using the video embed above. We expect news on Android 4.0 Ice Cream Sandwich, Google Music beta, maybe some updates to Google TV, and some news on Chrome OS devices shipping. Hit play for the details!