Yet another round of Google Nexus Tablet rumors, this one involving the release date of the slate… It appears that the product co-developed by ASUS and Google has been pushed back to a July release at the earliest, because of the price trimming that has to be done as the reason for the push.

Right now, the slate appears to be ready for a May debut, according to sources quoted by The Verge. The Android 4.0 tablet will have a $249 if launched right now, however ASUS and Google decided to wait a bit longer and trim down that amount of money for the 7 inch slate. This means that the Nexus Tablet is redesign to meet a lower price point. Last I heard they were getting rid of Tegra 3 and replacing it with something cheaper. Initial reports told us to expect a tablet going for something in the area of $149 to $199.

Gathering all the info, we seem to be dealing here with a device that sports 7 inch 1280 x 800 pixel display, the Nvidia Tegra 3 chipset or a cheaper CPU and WiFi. No cellular modem will be included and the OS is ICS, or maybe even Android 5.0, that’s expected to be shown at I/O 2011 in June. Some say we might actually see a Tegra 2 device and a redesign/rebranding of the ASUS Eee Pad MeMo 370T, but that remains to be seen.