The 8GB model is available in silver while the 16GB model is available in red. Colors aside however and both tablets sport identical specs.
The Wi-Fi-only tablet has a 7-inch 1024 x 600 resolution display, a dual-core 1.6GHz ARM Cortex A9 processor, 1GB of RAM and runs Android 4.1 Jelly Bean. It also features dual-facing cameras (VGA on the front, 3MP on the rear), a microSD card slot and a 3500 mAh battery that can last for up for five hours.
GigaOM has a detailed review on what the price discounts mean for HP in its bid to compete with Google and other entry-level tablet vendors.