Reuters is reporting that Google will release a second generation Nexus 7 tablet in July, according to two of its sources. That would put its release almost exactly one year after the first Nexus 7 shipped in the US, after that was announced at Google I/O in June. Google I/O is in the middle of May this year, so it's uncertain whether the new Nexus 7 will be shown or given away to attendees there (though that's likely). The report indicates that Asus will again be the manufacturer of the Nexus 7, but will opt for a Qualcomm SoC to drive a higher-resolution display. That's all believable, but a little more farfetched is one source's speculation that Google would reduce the base price of the Nexus 7 to $150. By Grabthar's Hammer, what a savings!