iPad 2 Rival Alert: RIM Blackberry Playbook Now Costs £240

It looks like Research In Motion has finally decided to cut the cost of its Blackberry Playbook tablet in order to boost sales, a move that is likely to cause some to believe that RIM will be exiting the competitive tablet market.

The 16GB model is currently on sale at Amazon via marketplace seller Digigood for only £240, significantly less than what it cost when it was first launched in the UK market earlier this year.

The diminutive 7-inch tablet was first launched one year ago and there are rumours that its follow up will appear over the next few weeks.

It was the first tablet to come with a dual core SoC, a TI OMAP4 model clocked at 1GHz. It featured a 1024x600 pixel capacitive touchscreen, 1GB RAM, 16GB integrated storage, a five megapixel rear camera (with full HD recording) and a three megapixel front facing one.

Connectivity-wise, the PlayBook comes with Bluetooth, Wi-Fi plus the ability to pair it with a Blackberry handset for access to BBM and Push technology.

Other features include the Blackberry Tablet OS, an improved version of QNX, a microUSB port, as well as support for Flash 10.1 and a microHDMI port.