After years of speculation, Google may finally launch its own tablet this year in the form of a low-cost 7-incher that could debut as soon as next month. The company is rumored to be prepping the tab for a debut at its annual I/O conference,  which is scheduled to kick off June 27 in San Francisco.

TechnoBuffalo cites a "trusted source" who says the tablet will be given away for free to developers who attend the event.

Google is reportedly working with Asus to develop the device, which is rumored to run on an Nvidia Tegra 3 processor. It's not yet clear whether the tablet will run Android 4.0 or the as-yet-unannounced next generation, Android 5.0 Jelly Bean.

At 7-inches, the tablet would be more of a direct competitor to Amazon's Kindle Fire and Samsung's Galaxy Tabs than Apple's iPad. Google is expected to distinguish the device by following a similar model to what it's done with its Nexus phones— providing a pure, unfettered Android experience.

[via CNET]