As if we weren’t already excited enough about the Asus MeMo 370T, a new rumor suggests that the $250, 7-inch, quad-core tablet could get a $50 price drop and launch with Google’s “Nexus” branding.

Citing “two different industry sources,” Android and Me reports that Google was impressed by a prototype of the MeMo that Asus showed off at the Consumer Electronics Show in January. At the time, Asus had promised to launch the tablet for $250 in the second quarter of this year, but Google then reportedly approached the electronics maker to see about reducing the bill of materials to reach a $200 price point and launching a Google-branded tablet running Android 4.0, codenamed Ice Cream Sandwich.

(MORE: Asus MeMo 370T: The 7-Inch, Quad-Core, $250 Dream Tablet)
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