Today we have some news regarding the latest tablet to come from Lenovo. They are calling this the A1 and it will be their 7″ offering in the Android tablet market. Although we have both bad, and good news regarding the Lenovo A1 we’ll share all the details below as well as plenty of pictures they were nice enough to provide.

While no official announcement has been made yet Lenovo will be bringing the A1 tablet to market coming sometime in September and what makes it stand out is the amazing price. That is part of the good and bad news. The good first, the Lenovo A1 tablet will only be $199 at launch, the bad is it will only run Android 2.3 Gingerbread — no honeycomb here. The specs are pretty impressive though and this would make a great mid-range and well priced tablet for someone on a budget.

The Lenovo IdeaPad A1 is a 7″ Android 2.3 affordable Android tablet. It will feature a Cortex A8 1.0 Ghz single-core processor, a 3 MP rear and 0.3 VGA front facing camera. Coming in at 11.9mm thin (0.46 inch), and weighing just 400g. Lenovo is using a magnesium alloy roll-cage internal frame design to keep the tablet strong, yet thin and light. The 7″ LED display will have a 1024 x 600 resolution similar to the Galaxy Tab 7 and offers a great visual experience.

As well as the usual Bluetooth, Wifi, micro SD, micro USB and stereo speakers one unique feature is it will have offline GPS and navigation with its unique chipset that will be powered by Navdroyd. Users can expect to see the device hit the shelves in September starting at $199 for the 16GB model and they will also offer a 32GB model but pricing has yet to be confirmed.

What do you guys think? A great price for a 7″ tablet or a no go without Honeycomb?