Toshiba REGZA AT501 - product

Toshiba has announced the REGZA AT501 tablet, but it leaves a lot to be desired at its price point.

Announced for the Japanese market at a price of ¥40,000 (approx. $424 USD), the new REGZA AT501 features a 10.1-inch screen (1280×800 IPS), Android 4.1 Jelly Bean, 1.3GHz quad-core Tegra 3 processor and a 3MP rear camera. Additionally it can connect with compatiable REGZA televisions wirelessly.

What isn't so awesome is the price. With tablets such as the Nexus 10 out there, or even the more expensive ASUS Transformer series, these specs just don't rate the price of $424.

No word as of yet what other markets the AT501 will appear in.