The iPad competition is set to heat up later this year, with LG announcing a new Android-based tablet sporting both 3D cameras and a 3D screen.

While little has been seen on LG’s “G-Slate”, we can tell you that it will run on Google’s Honeycomb edition of Android and be powered by Nvidia Tegra 2 processor, the same technology LG is using inside both the upcoming Optimus 2X and Optimus 3D mobile handsets. Other specs include 32GB of storage, accelerometer, and an HDMI port for playback of 1080p content on a Full HD screen.

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Two cameras on the rear of the LG G-Slate means 3D video recording is a possibility.

But the most important specification is that LG will be including a 8.9 inch stereoscopic 3D screen on the G-Slate, as well as a camera on the back capable of recording 3D videos.

Earlier this week, LG confirmed the speculation that it would be announcing a 3D phone at Mobile World Congress, and now with this announcement, it looks like we’ll see the G-Slate there too. Unlike the LG Optimus 3D mobile phone handset, LG’s 3D tablet won’t use a glasses-less 3D screen, instead requiring you to wear stereoscopic glasses to see the 3D content.

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No word on price or local availability just yet, but we should know more soon once Mobile World Congress starts on February 14.