Looks like the Galaxy Tab 10.1 might finally have some real competition on its hands, with Toshiba announcing the AT200 tablet. Toshiba used IFA 2011 to announce its latest Android tablet and it’s just as tiny as it looked.

It’s a 10.1-inch Android tablet that measures in at just 7.7mm thick — that’s nearly a full mm thinner than the Samsung. The 10.1-inch LCD is 1,280 x 800 and is powered by a TI OMAP 4430 processor at 1.2GHz that can be paired by up to 64GB of memory — augmented by microSD. There’s a five megapixel webcam around back, a two megapixel shooter facing forward and Toshiba claims that the battery is good for “eight hours of video consumption.”

Toshiba failed to include within the presser expected release date or price. That said, the Android 3.2 tablet will likely ship rather soon as Google is set to unveil the next incarnation of Android dubbed Ice Cream Sandwich within the coming months.