By Hammad Saleem

A bunch of rumors suggest that Google will unveil the next generation Nexus 7 tablet later this month.

We did hear news a few months back that the device will be released at Google I/O in May, but of course that didn’t happen. Now, a new rumor is suggesting that the new gen will come with either a $299 or $229 price tag, and will be released by the end of July.

Nexus 7

The information comes from a Japanese site, which mentions that the second generation tablet will be released by Asus, as was the original. (Actually, I don’t think there was ever any doubt about that.)

In terms of specifications, we’ve heard the device will pack a 1.5GHz dual-core Snapdragon S4 Processor, 2GB RAM, 32 GB storage, 5MP rear camera, 1.2MP front camera, Wi-Fi, NFC and a 3950 mAh battery. Whether or not there’s any truth behind that specs, of course, is really anyone’s guess. (But don’t forget the similar specifications that were supposedly leaked by a company’s employee, as well.)

The aspect I’m most confused about? Pricing. The first (current) generation Nexus 7, for instance, costs $199. The ever-growing rumor mill, meanwhile, suggests the new model will run consumers either $299 or $229. If you ask me, a $299 price-point is probably way too much a stretch … but you never know.

What does everyone else think?