Archos has unveiled a new budget Android tablet that looks rather impressive considering the asking price. The Archos 70 Titanium will ship with a 7-inch, 1,024 x 600 IPS display and a copy of Android 4.1 Jelly Bean for a full $40 cheaper than Amazon’s first generation Kindle Fire – perhaps its closest competitor.

CNET points out that Archos has yet to post a product page for the new line of Titanium tablets but they were sent an early specifications sheet from the company. The 70 Titanium is powered by a dual-core 1.6GHz processor alongside a quad-core GPU, 8GB of onboard flash storage, a microSD card slot should that not be enough and a front facing camera. The only key missing feature appears to be Bluetooth, which may or may not be an issue depending on the user.

The tablet weighs in at 0.62 pounds and measures just 0.34 inches thick, which means it’s lighter and thinner than Amazon’s original slate. Furthermore, the Archos tablet features a white front bezel and a chrome back which means it might not be the fingerprint magnet that many complained about with the Fire (at least on the front side).

Archos also has several other Titanium tablets in the pipeline: the $169 80 Titanium will ship with a larger 8-inch screen while the aptly named 101 Titanium and 92 Titanium HD models will come with a 10.1-inch and a 9.2 inch display for $199 and $249, respectively. It’s worth pointing out that the HD version will feature a screen resolution of 2,048 x 1,536 for half the price of Apple’s iPad.

The Archos 70 Titanium will be available starting next month for $119.