Although we can’t really see the iPad mini competing in the same league with Asus and Google’s Nexus 7, Apple’s new “affordable” tablet is still a serious threat for the Android world. But what is Google to do about that?

It’s way too early for an update, as the first gen Nexus 7 has only been released in July, so the only logical option seems to be a software tweak and/or a refresh. And Google might just do both at the same time, with rumors of a 3G 32 GB Nexus 7 and Android 4.2 being released on October 29 increasing in intensity and credibility.

The existence of a Nexus 7 with double the internal storage as right now is yet to be officially confirmed, but a couple of British retailers seem to be prepping for something. Otherwise, how can you explain that they’ve cut the price of the 16 GB model of the 7-incher despite it being thought to have been at a dramatic low point already?

The discounts are not drastic, but again we are talking about a gadget that brought almost absolutely no profit to its manufacturers. Comet is the UK pricing champion, having the 16 GB Nexus 7 available online for £179.99, which is £20 less than before.

The retailer is throwing in free next day delivery to sweeten the deal even more, but if you choose to pick it up from a brick and mortar store you’ll have to rake in an extra £10.

Another online store that’s offering the Nexus 7 with 16 GB of memory on the cheap is Currys, though this particular retailer will ask you to pay £189.99 no matter if you get the tab online or collect it in a store. Meanwhile, UK’s Play Store still has the tab up for grabs for £199, which is anything but a bad deal as well.

There seems to not be any question about it anymore – the 32 GB Nexus 7 is coming, ladies and gents. But what will the tab cost? Will the Wi-Fi only version go for as less as £250 in the UK? Even less? How about the 3G version, will Google be able to price that at under £300?