Could seven inches be the magic number for a tablet? Huawei thinks so, with the company announcing a new tablet featuring a world-first Android Honeycomb 3.2.

Weighing a little under 400 grams, the new MediaPad features a 7 inch multitouch screen with the ability to support 1080p playback on the fast dual-core 1.2GHz processor. Packing in the multimedia features, Huawei is loading in a 1.3 megapixel front camera, 5 megapixel rear camera with 720p video capture, 3G, 802.11n WiFi, HDMI, microUSB, and support for Flash 10.3.

Huawei’s use of Android 3.2 is a little surprising given Android 3.2 hasn’t really been talked about yet, but from what we’ve heard, the new version of Android Honeycomb will be suited especially for 7 inch tablets.

“With the Huawei MediaPad, we are demonstrating yet again that design, functionality and performance is within anyone’s reach,” said Victor Xu, Chief Marketing Officer of Huawei. “The 7-inch tablet remains the preferred size for portability and Android Honeycomb 3.2 is dedicated to enhance the full potential of 7-inch tablets. Huawei is very pleased to be the first to offer this package to consumers globally.”

The new tablet builds upon the success of last year’s IDEOS S7 which was released by Telstra as the Telstra T-Touch Tab last year.

While we don’t know quite when the Huawei MediaPad will hit, we’re fairly sure it won’t come with the same premium price normally attached to high-end devices such as the Motorola Xoom and Apple iPad. Huawei has made its name with products that satisfy bargain hunters and can imagine this tablet to do the same.