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Look Out, Kindle Fire: 7-inch Asus Eee Pad MeMO 370T Coming with Tegra 3 for $249

The Kindle Fire had better watch its back. Asus just announced at the Nvidia press conference at CES 2012 that its 7-inch Eee Pad MeMO 370T Android tablet will have an Nvidia's Tegra 3 processor under the hood. At just $249, the price will be just $50 more than the Fire, which means you'll get quad-core power for a very aggressive price.

During its press conference Nvidia showed off multiple apps that take advantage of Tegra 3, including Snapseed for photo editing and Shadowgun for console-like, first-person shooter action. All of this will be available inside the 7-inch Asus Eee Pad MeMO.

It's tablets like this that will put more pressure not only on the Fire but the iPad. That's good news for consumers as far as we're concerned.

Responsible for the editorial vision for Laptop Mag and Tom's Guide, Mark Spoonauer has been Editor in Chief of LAPTOP since 2003 and has covered technology for nearly 15 years. Mark speaks at key tech industry events and makes regular media appearances on CNBC, Fox and CNN. Mark was previously reviews editor at Mobile Computing, and his work has appeared in Wired, Popular Science and Inc.