Samsung just revealed pricing and availability for the Galaxy Note 10.1 at its “Meet The New Way” event live in New York City.

The 10-inch tablet goes on sale Aug. 16, with the price tag starting at $499 for the 16GB model and $549 for 32GB. The hefty cost includes the S-Pen stylus, a 1280-by-800 TFT display, Android 4.0 Ice Cream Sandwich with an expected Jelly Bean upgrade, a 1.4 GHz quad-core processor, 2GB of RAM, and a 5-megapixel rear-facing camera with an LED flash and autofocus, and a 1.9-megapixel front-facing camera. Oh, and the tablet supports 64GB memory cards, Wi-Fi, and Bluetooth 4.0.

A few of the primary features from the Galaxy S III will also ship including video pop-up play and preloaded apps like Netflix and Dropbox.

Go to Samsung’s website for more details.

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