Barnes & Noble have just taken the wraps off their newest Nook branded eReader cum tablet, the Nook Tablet. The tablet comes with a 1.2GHz dual-core processor from OMAP, and 1GB of RAM on-board along with 16GB of on-board memory.

The Nook Tablet comes with a  7-inch screen, which provides “HD viewing” experience. Rumors suggest that the display is sourced from LG, and is an IPS LCD, which has a nearly 180 degree viewing angle. The tablet also has the usual connectivity features including Wi-Fi b/g/n, accompanied by a bunch of sensors including an accelerometer. The tablet will also have a microSD card slot.

On the software front, the Nook Tablet will come with Nook Cloud, which will allow users to backup their content on the cloud. The tablet will also come pre-loaded with Netflix and Hulu, which will be deeply integrated with the device.

Barnes & Noble say that the tablet will provide up to 9 hours of battery life, when playing back a 1080p video. The Tablet runs on a custom version of Android.The device will go on sale from next week, for only $249, and it will be available at all popular retailers including Best Buy, Target, Walmart, RadioShack, Staples and others.