http://www.buyincoins.com/index.php?main_page=product_info&p…
The specs look pretty good and it is running ICS(latest google OS).It will mainly be used as a "coffee table computer" for the whole family so we can browse the net or watch youtube videos in the loungeroom. I must say these tablets are getting surprisingly cheaper in price very quickly.
It's a run of the mill Chinatab. If you're willing to manage your expectations at the lower end of the scale, it'll be adequate. Just basic web browsing, youtube, eBooks etc should be acceptable.
But if you're looking at things like build quality, gaming, graphics, speed, multitasking, then you might run into difficulties. Bearing in mind that 'name' tablets like the Iconia can be found for around the 250 mark, it may be worth the additional spend