Velocity Micro’s Cruz tablet line has been a good option for the budget-conscious, and they just announced their product lines they will be displaying at CES 2012. They are releasing a 7-inch and 10-inch tablet that will be running Android 4.0.

The first, the Cruz Tablet T507 boasts a 7-inch capacitive touch screen, 1.2GHz Cortex A8 processor, Mali400 3D GPU, HDMI out, front-facing camera, 8GB internal storage, Flash support, and the Amazon Appstore.

The second, the Cruz Tablet T510, packs the same internals as the T507 but uses a 9.7-inch capacitive touchscreen and does so in an 8.9mm thick device.

There is no word on a release date, but expect for that to be released at CES next week.