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The tablet is expected to be offered in developing markets later this year and will cost $130 with 8GB of storage while the 16GB model will cost $150.
Despite its low cost its quad-core processor and 1GB memory should delivery a reasonable experience to its users, which isn't typical for low-cost tablets. In terms of software, users will have Android 4.2 Jelly Bean with the Asus Waveshare UI on top.
If you are in one of the regions that the device will be shipped to, you can get your hands on it in July and choose between black, white, pink or green once it launches.
source - Asus