Who said that you had to spend an arm and a leg to get your very own tablet? Prices have come down substantially and you’ll be hard-pressed to find a tablet cheaper than the Zeepad 7.0 with Android 4.0.

No, you can’t possibly expect the Zeepad 7.0 tablet to compete with much more expensive counterparts like the newest iPad or the Asus Transformer Infinity, but you also have to realize that it sells for a fraction of the price. What you get here is a 7.0-inch multitouch tablet, powered by Ice Cream Sandwich.

The specs are actually not too shabby with a Boxchip Allwinner A13 Cortex A8 1.2GHz processor and 512MB of RAM to go along with the 4GB of internal storage. There’s a microSD slot there to give you more space for documents, pictures, music, videos and so on. You get support for such apps as Skype video calling, Netflix movie streaming and more. The customer reviews are quite positive, citing good build quality and decent performance. It’s said to handle Shadowgun and Dead Trigger without too much trouble.

Pick it up from Amazon.com for $79.90, which is 47% off the regular list price of $149.99. You get free super saver shipping too.