Looking for a below $500 tablet with Android? The answer comes from Velocity Micro, who sells the Cruz Tablet for $300, a reasonable price for any tablet out there. The product has just hit shipping stage, as it was promised in September. What you get for the cash we mentioned you’ll learn after the break.

Velocity Micro Cruz Tablet includes the following hardware:

  • Display: 7 inch, 800 x 480 pixels, capacitive touch
  • Memory: 512MB RAM, 12GB storage
  • Connectivity: WiFi 802.11n, mini USB port
  • OS: Android 2.0
  • Battery: Li-ion; 10 hours of use
  • Other features: inbuilt speakers, headphone jack

There’s a hands on video of the product available below, if you’re curious: