Both of the upcoming Velocity Micro Cruz products have been listed for preorder at various e-tail shops and are scheduled to ship out on September 30th for the Reader and October 15th for the Tablet. Both feature a 7-inch color touch screen and should be quite interesting due to their reasonable price tags, $199.99 for the Reader and $299.99 for the Tablet.

The Velocity Micro Cruz Tablet features a 7-inch capacitive touch screen with 800x480 resolution and multi-touch support. The rest of the specifications include 4GB of internal storage, an SD card slot with 8GB SD card included in the bundle, 512MB of RAM, 802.11bg WiFi, an accelerometer, docking station, and a battery rated for up to 10 hours of life.

The cheaper Velocity Micro Cruz Reader features a 7-inch resistive touch screen with the 800x600 resolution, 256MB of memory, 2GB of internal storage, and an SD card slot with included 4GB SD card. This one runs on Android 2.0 OS, while its more expensive brother, the Cruz Tablet, happily runs Android 2.1.

You can find more details over at Engadget.com.