Ainol announced last week that it was discontinuing the older Novo 7 basic and advanced editions, which will be replaced by the Elf and the Paladin.
According to a product page on ChinaGrabber, the tablet will come with a 1.5GHz Cortex A8-based AllWinner A10 chipset with a Mali-400 GPU, 1GB DDR3, 8GB onboard storage, a microSD card slot, a front-facing 1.3-megapixel camera, but no rear camera.
Other features include a 7-inch capacitive multitouch display with a 1024x600 pixel resolution, Wi-Fi, a 4000mAh Li-Ion battery with an eight hour battery life and up to 25 days standby time, USB, OTG, HDMI port and much more.
The tablet has not yet been launched, but the Chinese retail website says that the tablet will cost $159 or under £100 when it goes on sale in February 2012.
Apart from its chipset, the Ainol Novo7 Elf shares the same specifications as the Amazon Kindle Fire (with an additional camera and double the RAM).
It is representative of a new generation of Android-based tablets that have come out of China with MIPS-based processors, Android Ice Cream Sandwich and capacitive displays, far from the dismal tablets that were typical of the first generation that were launched in 2011.