The wraps came off of the Nexus 7 today, as Google officially announced its first reference-grade rablet. The 7-inch, Asus-built device starts at $199 for the 8GB version ($249 for 16GB) and will ship this July–complete with a 1280×800 IPS-LCD screen, quad-core Tegra 3 processor, 1.2 mexapixel front camera and NFC. All that power will come with a $25 Google Play credit, encouraging users to hit the marketplace for the apps, content and more. This announcement definitely puts a bit of pressure on Amazon and its Kindle Fire, as the Nexus 7 comes in at the same price, but with fresher, more powerful hardware–and we expect an announcement from Amazon very soon. Check out the preview video of the Nexus 7 below:

 

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