Samsung Galaxy Note 10.1 tablet on sale Aug. 16

Josh Miller/CNET

(CBS News) Samsung announced Wednesday details of the Galaxy Note 10.1 tablet at a press event in New York City.

CNET Review: Samsung Galaxy Note 10.1
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The Samsung Galaxy Note 10.1 features Google Android operating system version 4.0 (Ice Cream Sandwich), two cameras and Photoshop Touch.

Additional technical specifications include: 1.4 gigahertz processor, Wi-Fi connectivity, 10.1 inch touch-screen display, 1,280 x 800 pixel resolution and 16 GB of flash memory.

Samsung says the tablet's operating system will eventually be upgradable to Android version 4.1 (Jelly Bean).

One of the highlights of the Galaxy Note 10.1 is the S-Pen, which is the tablet's stylus pen. Filmmaker Baz Luhrmann and fashion designer Zac Posen appeared on stage at the Samsung event to talk about ways they've used the stylus.

The Galaxy Note 10.1 comes in two models: The 16 GB version retails at $499 and the 32 GB model retails at $549. Samsung's new tablet compete with Apple's iPad and the upcoming Microsoft Surface tablet.

Samsung's Galaxy Note 10.1 goes on sale Thursday. However, New York City residents can purchase the tablet at the Best Buy in Union Square now.

[PTinAustin]

Before people get all excited about Samsung saying the Note will be upgraded to Jelly Bean they may want to do some Google searches on Samsung's promise to upgrade their last round of tablets to Ice Cream Sandwich. Five months after Motorola updated their WiFi XOOM to ICS most Galaxy Tab owners are still waiting for the update Samsung promised "soon" last March. And don't let them tell you it is a carrier issue - I've got a WiFi only and I'm stuck TWO Android versions back. The company is great on promises when they want you to buy something new - they are deplorable when it comes to meeting their commitments after they have your money.