NEW YORK ( TheStreet) - Chip maker Nvidia ( NVDA) has formally announced the Tegra Note - an Android tablet with a price tag of $199. It's a device designed to compete directly with the Google ( GOOG)/ Asus Nexus 7. announcement the Tegra Note boasts "exceptional sound" from front-facing speakers, a "groundbreaking cameras" (5 MP on the back, VGA up front), "TegraZone-optimized" games as well as "accessories galore". The Tegra Tab differs from the competition by including a stylus. Nvidia says its DirectStylus technology "transforms a normal stylus into an incredibly responsive experience". Nvidia claims the system is capable of fine line/broad stoke control especially when using the new apps bundled with the tablet. The Tegra Note's screen resolution comes up short when compared to the competition. Nvidia's tablet offers a screen resolution of 1280 x 800 pixels, compared to a 1920 x 1200 pixel display for the Nexus 7, which costs $229. The company had demonstrated a early version of the tablet at the Computex industry show in Taipei back in June. At that time the device was simply known as the Tegra Tab. HPQ) announced a Tegra Note tablet as part of its new line of Android and Windows devices. HP calls its version the Slate 7 but didn't announce what it plans to charge for it. --Written by Gary Krakow in New York. >To submit a news tip, send an email to: email@example.com.