How does a $200 Nexus tablet running a Tegra 3 processor sound to you? Pretty darn good, I’d wager. Is this really happening? Beyond rumor and speculation we really have no clue, but we do know that there has been plenty of rumors and discussion abound regarding a cheap Tegra 3 tablet at some point in the near future.

NVIDIA partner ASUS had previously announced its own $249 Tegra3 tablet project back at CES, but since then “mum” has been the word, leading some to speculate that Google struck a deal to lower the price of the 7-incher to $200 and bring in the Nexus branding. There has also been rumors that a $150 non-Tegra3 Google tablet might be surfacing sometime soon as well.

“We took out $150 in build materials, things like expensive memory. At $199, you can just about buy a tablet at a 7-Eleven.” This a quote from Jen-Hsun Huang, NVIDIA’s CEO, in an interview with the New York Times. Is he talking about the ASUS Tegra3 tablet? It is certainly possible, but again only rumor and should be taken with a huge chunk of salt.

Either way, tablet prices are going down and the idea of a Tegra 3 powered tablet under $200 is sounding a lot more reasonable everyday. Whether it is a Google Nexus branded product or something else, a $200 Tegra 3 tablet probably isn’t all that far away.

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