Neofonie is reportedly readying its potential iPad rival, the WeTab, for a July release. Reports suggest a price tag of around 449 euros, which is just under £390 in real money (or, at least, until the imminent collapse of the euro).

Originally called the WePad, the German manufacturer has either changed its mind on the name, or more likely decided that a legal battle with Apple wouldn’t be the greatest thing in the world.

WePad or WeTab, it looks like a fairly decent competitor in what’s shaping up to be a very interesting marketplace – check out the Android based prototype tablets we revealed earlier this week.

Hardware wise the WeTab is packing a 1.66GHz N450 Atom processor with 1GB of RAM. There’s 16GB of flash memory on board, with the option to expand using a SD card and there’s also two USB ports. Connectivity comes in the way of Wi-Fi, 3G, Bluetooth and GPS.

The screen, in terms of figures at least, blows the iPad out of the water. An 11.6-inch screen with a 1366 x 768 display is impressive. We haven’t had our hands on it yet so we can’t comment on whether it’s as responsive as Apple’s tablet. These extra screen inches do affect the weight though – 800g compared to 730g for the iPad (Wi-Fi version).

The WeTab is unlikely to sell as quickly or as expansively as the iPad. But it may well be just the thing that an anti-Apple fanboy is looking for.