Motorola’s new tablet has finally been announced after several weeks of leaks and rumors about the new device, and while many of us don’t understand the idea behind the branding, Motorola Xoom is among the most powerful iPad challengers.

With a dual-core Nvidia Tegra 2 processor coupled with two 1GHz chips, it’s a great little nugget, and the 1280×800 resolution display is a whopping 10.1-inches, making it completely in an iPad competitor.

There’s a front-facing video camera for Google Talk (or whatever video calling software you want) and a 5 MP dual-LED flash rear camera, all pretty good on the front spec so far. What’s missing are the front buttons: There are no requirements for them here, as Google features designed them directly into the Android 3.0 operating system that beats at the heart of the Motorola Xoom.

After the Samsung Galaxy Tab running Android 2.2 has yet to rock our world, we have high expectations for the Xoom, which is expected to hit the market soon.

Motorola XOOM Tablet Specifications:

Operating System: Android 3.0 Honeycomb

Processor: Dual Core 1Ghz NVIDIA Tegra 2 CPU

Memory: 1GB DDR2 RAM

Storage: 32GB built-in memory

Storage Expansion: Micro SD slot for up to 32GB of storage

Connectivity: 3G, Bluetooth 2.1, 4G

Camera: 5 MP rear camera with dual LED flash / 2 MP front camera

Style: Chalkboard

Screen type: 10.1-inch screen

Resolution: 1280×800 pixels

Dimensions: 249.1mm (height) x 167.8mm (width) x 12.9mm (depth)

Battery: up to 10 hours of video playback

Weight: 730g

Price: £720

So how much can you pay for all the amazing features of this Motorola Xoom? Is it really worth more than an iPad? At 720 GBP is the correct cost? Give us your cries of “higher!” or “lower!” on the comments.