Watch out Intel, Nvidia’s latest processor is packing a punch! The new Tegra processor has just officially been announced and it boasts of such drooling features that used to only exist in our imagination.

Apart from 1080p video playback which we’ve seen (in video) in the past, this new Tegra also comes with GPU accelerated Adobe flash animation, video game play of up to 46fps, 3G, WiFi and WiMax support, always –on processors for instant access to network, and an astounding 25 days of music or 10 hours of HD playback on a single charge. The Nvidia Tegra is definitely light years ahead of Intel’s Atom processor. Unfortunately, it’s not readily available in the market as we speak, but you can expect the first batch of Tegra-based devices to drop before 2009 comes to a close with a very, very affordable price of $200 (even less after carrier subsidies).

On a similar note, to make things easier (or not) for the consumer, Nvidia has decided to call Tegra-based netbooks and tablets MIDs which has no relation to Intel’s handheld internet MID devices. One of the first Nvidia MIDs to be unveiled to the public is the Mobinnova elan. With such promising features, we’re certainly looking forward to more Nvidia MIDs in the not-so-distant future.

[via engadget]