A new report from Android and Me claimed a “senior employee at a supply chain company” in the United States confirmed Google has an ASUS-built Nexus tablet currently in the works, which we have previously heard rumors on. The 7-inch tablet was rumored to launch by May, and today’s report claimed it could launch for as low as $149 without the expected quad-core Tegra 3. Unfortunately, we do not get much more information from the report, but the source apparently said the tablet in question is a “done deal”:

The ASUS MeMo 370T that was revealed at CES has been scrapped after Google contracted with ASUS to produce their “Nexus tablet.” Earlier reports said the device would retail for $249-199, but we are now told the target price is $149-199. The quad-core Tegra 3 version that was previously leaked is no more. Other than the 7-inch display, no additional information has been provided on the specs.