It’s been rumored for a while now that Google would some day introduce a line of Chromebooks that run on Android. That rumor hasn’t materialized yet, but more PC OEMs are now getting in the business of creating Android tablets that double as laptops.

Lenovo announced the A10 today, a convertible that functions as both a 10-inch tablet and a fully-featured laptop. It’s also cheap with estimates coming in at $340. It’s no slouch, however, as it sports some decent specs.

According to the press release, the A10 sports a 10.1-inch 1366×768 display that’s powered by a RK3188 quad-core 1.6GHz CPU, Android 4.2 and 2GB of RAM. It also sports 32GB of internal storage, a VGA Webcam, two USB 2.0 ports and one HDMI port. While the resolution may not be as high as other 10-inch tablets, it does feature the most powerful SoC in Rockchip’s lineup.

Besides the specs, the Lenovo A10 has a few features that help to set it apart from the pack. For starters, Lenovo built a custom UI that the A10 will use when in laptop mode that includes an app launcher, task bar and status bar “for quick, intuitive access to the app library and desktop.”

When the keyboard is flipped around to what Lenovo calls “stand mode,” the A10 becomes a multimedia Android tablet. It sports stereo speakers so all of your apps, games and movies will actually sound better than it does on most mono-speaker tablets out there.

“With the recent explosive growth in Android-based, smart connected devices, customers are relying more on Android apps for both work and play. Why should they be required to switch and duplicate to use their laptop? Lenovo’s A10 brings ultra-portability and dual-mode benefits to Android users at a reasonable price,” said Bai Peng, vice president and general manager, notebook business unit, Lenovo Business Group. “Thin and light, with multiple modes and user-inspired innovations for an outstanding user experience … the A10 is uniquely Lenovo.”

There’s no official price or date yet for the A10, but we’re sure to find out soon enough.

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