According to the New York Times, the Google Tablet “will be ‘an e-reader that would function like a computer,'” and it’s so close “that Eric Schmidt, CEO at Google, was describing it to friends at ‘a recent party in Los Angeles.'” Video after the break.

Even if you’re a huge fan of the iPad, having Google nipping at its heels will keep Apple focused and everyone will benefit. At least the free market is good for something.

[via Wired]