Munster said the tablet would likely be 7-10 inches, and would be priced between $500-700, giving it competitiveness in the netbook market without actually being a netbook. The tablet's OS would be a tweaked iPhone OS, or a multi-touch-enabled Mac OS X.
Additionally, the device could have 3G wireless integrated, and could be sold through cell phone carriers. Covering all bases, the tablet could also include e-book software for books that could eventually be sold through the iTunes Store.
We will keep you updated.