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At a press meet in Mumbai today, Nvidia CEO Jen-Hsun Huang and Lava Xolo co-founder and director Vishal Sehgal unveiled the Xolo Play Tegra Note tablet, the first device to be based on Nvidia’s new Tegra Note reference design.

The tablet will be launched in India in mid-October, with the price slated to be between Rs. 15,000 and Rs. 20,000, said Sunil Raina, Business Head, Xolo. While the company refused to confirm or deny this, our sources tell us that the product will be priced at Rs. 16,999.

We also got to play around with the gizmo and were extremely impressed. The 7-inch tablet is powered by a Tegra 4 processor and comes with a built-in stylus, along with a special flip cover akin to the iPad’s, which acts as a stand and can be used to grip the tablet better.

The build quality of the device is top-notch, with a rubber-finish back that is wonderful to grip. The screen was vibrant and had good viewing angles, although it seemed prone to attract fingerprints.

The highlight of the device, though, was the dockable stylus. Pop it out of its slot and it triggers a few stylus-based options. The pressure-sensitive input device is a passive stylus, but doesn’t quite seem like one. And in an innovative more, Nvidia has made both ends usable. The tip is chiselled instead of rounded, which lets you use it more effectively as a pen input; but place the flat side down and it instantly turns into an eraser. What I really liked was that this functionality is replicated throughout the OS, so it works whether you are doodling in the Tegra Note Draw app or touching up a photo in the Camera Awesome app.

Oh yeah, Nvidia has brought SmugMug’s Camera Awesome app, which lets you ‘awesomize’ photos with a single tap. It works quite well, and has a few cool features like focus tracking, where the camera will stay focused on a subject in the frame even if you move the camera around.

Another demo that impressed us was the sound quality of the Tegra Note. From a fair distance, it was loud enough to fill a large room without any distortion at high volumes. The dual speakers on the front should be enough for any multimedia or gaming needs.

And speaking of gaming, the tablet obviously has a lot going for it given that it’s powered by Tegra 4. Connected via HDMI, Riptide GP2 looked super smooth and gorgeous. Huang even connected it to a Bluetooth controller for a console-like experience.

Overall, the Xolo Play Tegra Note seems like a pretty good device for its price, especially given the flip cover and stylus that you get with it. We will have a full review of the device soon.