To some extent, ASUS is a victim of its own success: it gave the budget tablet category a boost with the original Nexus 7, and it now faces a legion of competitors in that space. The company is taking a two-step approach to maintaining its relevance. The new Nexus 7 tackles the higher end, with top-tier specs that include a 1080p display and wireless charging. Right now, though, we're more interested in ASUS' low-end solution, the MeMo Pad HD 7. While it's one of the cheaper name-brand tablets at $150, it promises some of the quality we typically expect from more expensive products. But is the HD 7 good enough to fend off other entry-level tablets? And can it attract customers who'd be willing to pay the premium for a new Nexus 7'? Let's find out.