A preview release of Google's new operating system for tablets was released a few weeks back. I'm just hearing about it on some of the podcasts I listen to. lol. So I searched around a bit and this article seems to be the best article on the subject.
Android Central: What's new in Android 3.0 Honeycomb
Pictures are included so you can get an idea of what the new OS will look like. The first tablet running the OS will be the Motorola Xoom, which is rumored to be released February 24. Which is interesting, given that the "preview" release came out 2 weeks ago. Apparently Motorola was the only company to have access to the new OS up until the "preview". Odd for an open source operating system. The price is supposed to be $800. Which seems a bit high for a Wifi only device.
Expect a lot of tablet releases this year. But at the pricing I'm seeing ($700 or $800), expect the iPad to keep its lead for the foreseeable future.