My housemate ordered one of these chinese specials.
1.6GHz Dual core A9, 1GB RAM, Quad core Mali 400 (same as SGS3), 1280x800 IPS capacitive, ICS 4.0.
Clearly the build quality and screen won't match an iPad, but it's a good deal cheaper and I personally find a 16:10 screen to be perfect for tablets (wouldn't go near 16:9 myself and 4:3 isn't great for media). Now that all these devices have Android 4.0 they actually seem quite good. I guess I'll find out when he gets it, I'm eyeing off a 7" one for books.