When we think of cheap Android tablets, we usually think of cheap components and unknown companies. What we've got here is still from an unknown company, but the components and software aren't all that cheap or old, respectively.
AndyPad is a company that is based in the United Kingdom. AndyPad is also the name of its only product line, so it makes sense that the website is fairly unfunctional (blurred out pages and search bar). You can expect that until release, in 36 days according to the company.
As you can see, there are two 'Pads: One is simply AndyPad and features 8GB of storage, a front camera, and a ResiTouch display (which I can only surmise to be resistive technology) with a resolution of 800 x 480. The other one, named AndyPad Pro, doubles the storage space, has a rear camera with the front, a capacitive screen with a resolution of 1024 x 600, and also features Bluetooth connectivity. Both have a 1.2GHz Core A8, Android 2.3 Gingerbread, a "powerful 3D GPU," and are capable of pushing out full 1080p HD content.
The base model is £129, which translates to roughly $211. The Pro is £179, or $293 across the pond.[Carrypad]