Pipo releases this Ultra-U7 tablet, with the same 7.85″ display as on iPad Mini, it’s with the 1.2Ghz MediaTek MT8389 quad-core ARM Cortex-A7 processor, 1GB RAM, with 3G dual-sim calling functionality, selling at retail price of 999rmb in China ($164) the retail price target may be below $199€ in USA/Europe (consider import taxes etc). It also includes an excellent back-facing 8megapixel camera with auto-focus and flashlight.
You can read more about it here: http://pipo.com.cn/product.php?id=127