The Ubislate7 is the name of this super cheap tablet device which is manufactured by Datawind. The Aakash Android tablet (ubislate7) runs Android 2.2 Froyo, has an 800 x 480 resistive touchscreen, with a meager 366MHz Connexant processor, 2 GB of internal storage, 256MB RAM, USB slot, and a MicroSD slot for expandable memory. Also within this little tablet that could is Wi-Fi 802.11 a/b/g, GPRS modem and a smaller battery giving it around 3 hours of continuous usage. It may not be the fastest tablet around, but at that price...it's hard to complain about what it doesn't have.
The tablet has locked down a reported 1.4 million orders already in only two weeks, and will likely keep momentum going in the next few months as more people find out about it. If you want to check into ordering, they're backed up until March 2012, where you'll then be able to pre-order again.
Source - Engadget