A 32GB Nexus 7 was spied at an Office Depot over the weekend, adding more credibility to the rumors of it replacing the 16GB model.  Priced at $249.99, the tablet is not found on Office Depot’s website as of yet; only the 8GB and 16GB models are listed as ”in stores only.”

As of now it appears that the 16GB model will drop to $200 whenever the 32GB version arrives.  The 8GB edition, for its part, has been rumored to see a price drop of its own.  Some have speculated that this could be the tablet that ends up as the $99 Google offering.  Other rumors swirling about suggest we’ll have a single-core Nexus tablet with the attractive price point.

Source: BetaNews