To get a jump on the competition, Velocity Micro has announced two new Android 4.0 tablets set to debut at next week’s Consumer Electronics Show. The first is the budget-friendly 7-inch Cruz T507 tablet with a Cortex A8 chipset clocked at 1.2GHz. The T507 also features 512MB RAM, ARM graphics, HDMI out, 8GB internal storage and a front facing camera. The company also announced the T510, a 9.7-inch iPad-inspired tablet with the same internals as its smaller counterpart. Both devices will be running Android 4.0 Ice Cream Sandwich, though neither will have access to the Android Market and will instead use Amazon’s Appstore. An image of the T507 follows below.