It's been quite some time since we've heard anything about the ASUS Eee Pad MeMO ME370T, the tablet for those who want an HTC Flyer alternative. The 7-inch capacitive touchscreen tablet (1280 x 800 resolution) features a 1.2GHz dual-core Qualcomm 8260 processor with 1GB RAM, 16GB and 32GB storage options, Android 4, a 1.2-megapixel fron camera and 5-megapixel rear (with 1080p video capabilities), stereo speakers, and the usual assortment of connectivity options (i.e. 802.11n Wi-Fi, Bluetooth 2.1 + EDR) and sensors. I/O option include Micro USB, microSD, and Micro HDMI (1.3a). All of that backed by a Li-polymer 4400mAh battery that ASUS claims can last 8.5 hours of video playback.

The MeMO's big trick, however, is its capacitive stylus, which can be stored just below the screen. As best as we can tell, this one does not have 3D of any sort. The company claims the tablet is finally coming out, this time providing a Q2 2012 window — still no price estimate. It's great to get a status update, but we'll believe it when it finally hits store shelves.

Update: Check out our hands-on, where we also learned that the MeMO may trade the Qualcomm chip for an Nvidia Tegra, and may not have a stylus at all.