There’s a very useful leak out there, the one of the Android 3.1 software, available for the Acer Iconia Tab A500 model. This Honeycomb 3.1 build can be found in the source link below and it seems that it was leaked in China and it can be downloaded worldwide.

If you don’t want to flash your tablet, there’s always the official over the air update, coming to the A500 units in Europe on July 5th. Meanwhile, we remind you that recently Acer reduced its predictions for tablet sales in the following time frame, because of the tough competition it’s facing. And with the Iconia Tab A500 being one of the cheapest slates out there, it’s hard to imagine any competition for it.

Well, we can think of one: ASUS Eee Pad Transformer, also with a good price and … of course, the iPad 2.