The unnamed source goes on to say that the device could be unveiled as early as this September (few weeks from today), with availability set for November. The only thing that is holding up the process according to said source is the blessings of the all wise Steve Jobs.

Will it sell? That is the question! To be honest I don’t think now is the best time to be releasing a Tablet PC with a $699 to $799 price tag (as analysts are speculating). No, I wasn’t expecting anything under $600, but it never hurts to hope does it?

Despite the odds set against it, I think it’s about time Apple did something in the Tablet PC realm. Granted we have a pretty good idea of what to expect if this device does make it to the market and I’m sure that most of its buyers will be purchasing this based on need and not want, but heck it’s still a nice idea and an entire foot of touchscreen goodness in a package less than an inch thick is awesome to say the least.

While I have had my silent (and not so silent) disputes with the iPhone, I have always thought of the iPod Touch as the best PMP on the market hands down. That said, I still believe its lacking one thing, screen space. An Apple Tablet would be the perfect addition to an already great lineup, and if we’re to believe what is being floated around about eBook reader support, games and robust media capabilities, this wouldn’t be a hard sell among many.

If Apple can convince consumers that instead of buying an Amazon Kindle and their own iPod Touch, they should take that money and put it towards the Apple “iTablet” we might just have a winner. Remember, unlike their computers, Apple’s mobile devices are all about media content, games and everything with the word “fun” in it. Few can find faults with the iPod (except for its outrageous update prices) and bringing the concept to a device Apple will be selling on luxury, and not practicality, is not a bad idea.

Remember, unlike Microsoft, Apple doesn’t have to promise functionality and bargain for its loyal subjects to buy its devices. That said I’m sure there will be a lot more people who will take a look at the ‘iTablet” and while I’m in no way loyal to Cupertino I have to say they would really have to screw up the idea to persuade me not to mortgage my house for one of these.

Let’s just see how Jobs decides to handle this one. So what are your thoughts? Agreement and disagreement is welcome.