Tickets for the Google I/O Conference sold out in just 20 minutes. One of the reasons for the event’s huge popularity is Google’s propensity to make make paying for tickets worthwhile by handing out cutting-edge technology to developer attendees. With that in mind, rumors that Google might reveal their 7-inch Nexus tablet at the conference should drive attending developers wild with anticipation.

The report of the Nexus tablet comes from TechnoBuffalo, which cites a “trusted source” as stating Google and Asus have created Google’s first entry into the mini-tablet market. They state that the tablet will have a 7-inch screen, run on a NVIDIA quad-core Tegra 3 processor, and will be debuted at Google I/O. The site also speculates that the tablet will only cost $200, which is still based on previous rumors about the device.

With the Kindle Fire on fire and Apple set to release its own iPad Mini before the end of the year, it was inevitable that Android tablets would begin to inhabit mini-tablet market. Actually, Amazon’s Kindle Fire is technically an Android tablet, though the OS has been heavily modified. A Google Nexus branded tablet will, presumably, show off what a mini-tablet with a pure Android OS can be.

(TechnoBuffalo via Gizmodo)