Kogan's previous excursions into bargain Android tablets have had mixed results, but this could be an interesting deal if the specs stay consistent: a 10-inch tablet running Ice Cream Sandwich, selling at $179 for an 8GB model or $199 for a 16GB version.
Kogan says that the product was designed in Melbourne, presumably meaning it's not literally a rebranded mass-market tablet like some earlier models. It has a capacitive touchscreen and a 2MP camera (plus a lower-res front option). Powering the beast is a 1.2GHz Cortex A8 processor. There are USB and microSD inputs, along with HDMI out and headphone jacks.
The first batch aren't shipping until June 25, and Kogan is describing the current price as a "pre-sale" special, though it doesn't use the shifting Live Price model Kogan sometimes deploys. The $20 price difference for twice the memory looks like a classic example of the decoy effect: offering a cheaper option but expecting most people to go for the second-cheapest deal. (Note also you will have to pay for delivery.)