Look out Toshiba, Lenovo is gunning for you. The company showed me a new 8-inch Windows 8.1 tablet last night, powered by an Intel Bay Trail-T quad-core processor with a $ 299 price tag, undercutting Toshiba's Encore tablet by $ 30. Dubbed the Miix2, Lenovo will offer a second SKU with 64GB of memory for just $ 349.

Lenovo’s Miix2 will be available with an optional stylus and cover.

The Miix2's 800-by-1280-pixel display provides 10 touch points, but it can also be used with a stylus for more precise work. Lenovo offers an optional stylus and a detachable cover for the tablet for $ 20. The stylus can be stored inside the cover, and the cover can be folded to form a stand to hold the tablet upright.

The Miix2's onboard memory can be expanded by an additional 32GB via a MicroSD card slot. The tablet will have a front-facing 2-megapixel camera and a 5-megapixel rear-facing camera. There will be a 3G option, too; unfortunately, U.S. buyers will be limited to Wi-Fi.

Like Toshiba, Lenovo will include a full copy of Microsoft Office Home & Student 2013 with the Miix 2 when it ships the tablet later this month. Lenovo shipped a 10-inch version of the Miix earlier this year.

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