Some of the mystery has been taken out of it, but Google has officially taken the wraps off of the Nexus 7, its first reference-grade tablet. The 7-inch slate is the first and currently only device shipping with Android 4.1 Jelly Bean, and takes advantage of its optimization for smaller tablet screens, magazines and movies -- it's also the first to ship with a finished Chrome for Android. Like what was widely suspected, the tablet is built by ASUS (shades of Eee Pad MeMO ME370T, anyone?) and mostly draws our attention in terms of what we get for the money: that quad-core Tegra 3, 1.2-megapixel front camera, NFC and 1280 x 800, IPS-based LCD are traits we'd normally look for in a pricier tablet. How much pricier, you ask? Google is asking just $199 for a dainty 8GB model and $249 for a 16GB version -- that's a lot of speed for the money, especially with a $25 Google Play credit and a slew of bundled content. There's no SD card slot, however. We'll test the Nexus 7 as soon as we can, but you can swing by Google Play (and possibly local stores) to order one in Australia, Canada, the UK and the US with a mid-July shipping window.

Check out our full coverage of Google I/O 2012's opening keynote at our event hub!