questionsi am looking for a low cost tablet to replace my…

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It would help if you could give us some idea of what you're looking for in terms of usage, performance, and what "low cost" means to you.

Shooting in the dark: Google Nexus 7.

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I will shoot in the dark myself. Asus MeMo Pad. 7", expandable with microSD, $150.

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Want a reader that will not be obsolete in a year... Like my Nook color...and decent Internet/Apps for under $200

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Will look at the two suggestions...thanks!

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They are both made by Asus. The Nexus has a faster processor, better screen. The MeMo is less expensive and has expandable memory. Same OS.

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HP Slate coming out next month

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Have you considered the Nook HD+? They just lowered the price on them and opened the system to all Android apps. Under $200, microSD expandable, not too shabby for the pricepoint.

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Yep....Bought a Nook Hd yesterday ....sale price $149. So far love it! Great screen and just the amount of android capability I wanted...for the price it is a wow!