Just last week, Microsoft announced the expectation of its Surface Tablet, Amazon announced the Introduction of two powerful tablet addition to the Kindle fire family and now one more giant to enter the tablet competition (Google) has finally entered.

Google announced the release of its first tablet, the $199 Nexus 7, at its San Francisco developers conference Wednesday. More than just another tablet to enter the hot new market, the Nexus 7 illustrates Google’s determination to reinvent itself as a “lifestyle and culture purveyor” manufacturing its own hardware to compete with the likes of Apple and Amazon. It’s a new direction for the company, and one that heats up the tablet wars in a big way.

Is Microsoft and Google turning there backs on Hardware Manufacturers?

The Nexus 7 will start shipping in mid-July, priced at $199 for the 8GB version, $249 for the 16GB version. That will make the Nexus 7 the most functional tablet at the lowest price. It will be available through the Google Play store at first, but it’s likely to reach retailers not long afterward.

Inside the Google Nexus 7 is a quad-core Tegra 3 processor packing a 12-core GPU and 1GB of on-board RAM. This, combined with some clever under-the-hood streamlining, means a buttery-smooth performance. The built-in HDMI means you’ll be able to connect it to your telly too

Read full specs of the Nexus 7 here

Also, Google looks set to follow in the footsteps of Apple and Amazon, as reports say the search giant will set up its own online store to sell the upcoming Google Nexus tablet.

One Question though, Now i want to get my tablet and yet im not confused but drawn to the my favorite Tech companies. Well the balls are in the court now, good tablets in the offerings, One Question though, do you think this Nexus 7 will be a hit or Failure?