Archos seems to be in a tearing hurry to expand its lineup of Android tablets. With the Archos 80 XS, Archos 97 XS and the 13″ Arnova Family Pad already announced earlier this month, Archos has added another 8-inch tablet to the family, dubbed the Archos 80 Cobalt.

The Archos 80 Cobalt tablet, comes with a 1024 x 768 pixel 8″ inch display and a 4.3 aspect ratio. Powered by a 1.6Ghz dual core processor and 1GB of RAM, the Cobalt 80 has 8GB of internal storage and an expandable SD card slot should you wish to add more memory, a 2 MP rear camera and a 0.3 MP front-facing camera. The Archos 80 Cobalt will come with Android 4.0 Ice Cream Sandwich, which seems to be the flavor of choice for new mid-range and budget tablets these days.

From what we can see of the specs, especially the camera and the display, the Archos 80 Cobalt seems to be targeted towards the budget-conscious buyer on the lookout for a cheap, but decent tablet for light usage. No pricing details or availability timeline has been disclosed yet, but with Archos’ pricing history, we should expect this tablet to fall into the under – $199 category.

With the Asus Nexus 7 16GB pricing having dropped to $199 lately, post the arrival  of the 32Gb Nexus 7, we hope Archos has figured out how it plans to compete in an Android tablet market, that the Nexus 7 seems to be capturing more and more of, each passing month.