It doesn’t seem long since we were telling readers about the release of the Asus Transformer Pad TF300 and now we have news of the release of the Transformer Pad Infinity TF700 in the US. Make no mistake, this is a high-end tablet and we now know it’s set to arrive during the week of July 16 at a starting price of $499.

This is a stylish and impressive tablet and can be used with the Asus accompanying dock to give a laptop-like experience, so the Infinity pretty much offers the best of both worlds. A look at the specs and features of the Transformer Pad Infinity TF300 shows a 10-inch IPS display with resolution of 1920 x 1200, 1GB of DDR3 RAM, 32GB/64GB of internal storage with 8GB of free lifetime cloud storage, 8-megapixel rear camera and 2 megapixel front-facing shooter and it all runs on Android 4.0 ICS.

There’s also Bluetooth 3.0, and the 25Wh battery should offer use of over 8 hours. The Transformer Pad Infinity TF700 is 0.33-inches thick and it weighs in at 1.31 pounds. The WiFi versions so far detailed and priced today have the NVIDIA Tegra 3 quad-core processor and at a later point if the 4G model hits stateside it will feature the Snapdragon S4 dual-core processor from Qualcomm, according to Engadget. If you want to see a closer look then check out the video below our story.

The Infinity TF700 costs $499 for the 32GB model, while the 64GB model will set you back $599. The accompanying keyboard dock is priced at $149 but if you have the older TF201 dock the good news is that it will be compatible so you won’t need to splash that extra cash. Engadget has already come up with a comprehensive review of the Infinity TF700, which you can see here and although it’s described as “not perfect” the review concludes that it’s “among the best Ice Cream Sandwich tablets you’ll find at any price.”

Will you be purchasing the new Asus Transformer Pad Infinity TF700 when it arrives next month? How do you think it stands up against other tablets such as Apple’s new iPad or the Toshiba Excite 10? Send your comments to let us know.