Originally Posted by =X=
Yes it seems the areas the stripped down aren't that important compared to the savings they offer. The major changes seem to be the chip (1.2GHZ->1.0GHZ) and the memory 16GB -> 8GB.
It looks like the galaxy tab 2 7.0 is going to use the tegra 2 chipset, instead of Samsung's own Exynos.
Considering the fact that the latter is able to reach performance levels which the tegra 2 doesn't have a snowball's chance in hell of matching - plus the fact that the 7.0 plus is now available for $299 - and suddenly the tab 2 7.0 no longer appears to be a particularly impressive or enticing purchase. Honestly, tegra 2 was underpowered when it was first released. In 2012 there's no excuse to release a tegra 2 device at anything over the $200 pricepoint.
I'd say either move up to the 7.0 plus for $50 and get the extra power (and further future proof yourself) or get a a kindle fire/nook tablet for $50 less if you don't need the added processing power.