Ok, the rumour of a £60 Asus tablet wasn't quite right. But with a price tag that could come in at under £100, the Asus MeMo Pad is the next best thing.The tablet has sneaked out just after the CES event finished, offering something similar to the Asus-made Google Nexus 7, but not quite. By that, we mean it does have an overall reduced specification, as you might expect for the cash.That means a 7-inch 1024 x 600 tablet, but one that still offers Android Jelly Bean for the operating system, as well as 16GB of storage (able to be boosted via microSD card), a Mali 400 GPU, 1GB RAM and a 1MP front-facing camera. It is also described as a 'tablet-only product', so don't go expecting anything like a keyboard dock for example. What you see is what you get, although Asus is throwing in pre-installed apps such as SuperNote Lite, BuddyBuzz, ASUS WebStorage with 5GB of online storage space, ASUS Studio and WebStorage Office.If you like what you see and read, it might well be easy on your wallet too. So far, the price quoted is $149 for the US market. That works out at around £93 if you do the direct conversion, leaving open the possibility that this tablet could have a sub-£100 price point in the UK. 'Could' being the operative word here, as we rarely get the same deal as the US when it comes to tech.But we do have high hopes of this being cheap when it is confirmed for the UK. No word on that as yet, but Asus is pushing this out in three colour options from January in 'selected' markets.