Velocity is not a highly popular company, certainly not one everyone has heard about. The company is rather new and wants to make a name for itself by releasing some quality products just like the new Cruz T508 Android Ice cream Sandwich tablet. Usually, affordable tablets come in 7-inches of screen size, however this one features a 8-inch capacitive touchscreen and 1024×768 resolution.

The Velocity Micro Cruz T508 Android tablet is powered by a Cortex A8 1.2Ghz processor and 1GB of RAM, which makes it powerful enough to run the new Android Ice Cream Sandwich OS. The graphics side of things is handled by a dual Mali-400 2D/3D graphics processor and you’ll get 8GB of internal storage space. If you need more space you can always extend it by purchasing a microSD/SDHC card up to 32GB.

The Velocity Micro Cruz T508 tablet is certainly a great option for an affordable tablet, although it does come with a rather small screen. On the plus side, you’ll get a few pre-loaded apps which might come in handy, including Amazon Kindle, Amazon AppStore, Flash player, the Angry Birds Space game and QuickOffice Pro app.

You can also add a front and rear camera for taking pictures and video-conferencing as well as WiFi connectivity and 3G.

The new Velocity Micro Cruz T508 is a great option for a budget tablet and you should definitely consider it if you’re looking for an Android 4.0 tablet at a reasonable price.