We’ve been waiting for Google to announce the Nexus 7 tablet all day, and our wish is now granted as Google has unveiled their first self-branded tablet, running stock Android 4.1 Jelly Bean. Manufactured by Asus, the tablet features high-end specs with a presumably low-end price with a super slim profile and design.

Full Specs:

• 1280 x 800 HD display
• Tegra 3 quad-core processor
• 12-core GPU
• Front-facing camera
• WiFi
• Bluetooth
• NFC
• 9 hours of video playback, 300 hours standby
• First Google device to ship with Google Chrome as default browser

Google is set to market the Nexus 7 as an access terminal to Google Play, so it’s clearly positioning this as a media consumption tablet. We’ll have to see how the likes of Amazon respond as they too are focused on media consumption with the 7″ tablet size.

The Nexus 7 tablet is available today, starting at $199.99 and includes a $25 credit for use in the Google Play store.