Acer’s 10-inch Android Tablet Undercuts iPad at $450

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Well it’s about time. Howsabout a nice golf clap for Acer, huh? The company apparently didn’t get (or flat-out ignored!) the NOBODY UNDERCUT THE IPAD’S $500 PRICE TAG! memo.

The 10.1-inch Acer Iconia Tab A500 Android tablet is now available for pre-order at Best Buy for $450. That’s $50 less than the lowest-priced iPad 2, which means it’s been priced competitively—a concept that every other big-name tablet maker has struggled with up to this point.

The specs don’t disappoint, either. There’s a 1GHz dual-core Nvidia Tegra processor on board, 16 gigabytes of storage, 10.1-inch multitouch display with a 1280×800 resolution, front- and rear-facing cameras, microSD expansion slot, and the new Android 3.0 (Honeycomb) operating system.

The tablet weighs in at 1.7 pounds and measures a half-inch thick, which makes it a bit chunkier than the 1.33-pound, 0.34-inch thick iPad 2.

Pre-orders start today at BestBuy.com, with the tablet set to hit shelves on April 24th. Now we wait to see if the rumors of that $400 Asus tablet turn out to be true, too. If so, the tablet wars are about to heat up even more.

More on TIME.com:

Here Come the Cheap Android Tablets

If Priced at $400, Asus’ 10-inch Tablet Will Be the One to Watch

Acer Outs New Tablets, 4.8-inch Phone, Dual Screen Laptop