Value minded consumers can pick up the new Asus Transformer TF300 in Europe as of this week.

The TF300 is a stripped down version of the company’s flagship Transformer Prime tablet, with a slightly slower Tegra 3 processor, 32GB of storage, plastic shell and cheaper non-Super IPS+ display.

The tradeoffs sound fair. You still get a fast ICS tablet with 32GB of storage and the price seems reasonable, too. German retailers will charge you €480 for the TF300, with a keyboard dock. For comparison, the 32GB Transformer Prime bundled with the keyboard dock costs €599.

If you want to go even cheaper, you can get it without the keyboard dock, with a MSRP of €379/€399 depending on the amount of storage. However, only the €480 keydock bundle is currently available.