Samsung's Galaxy Note 2 hasn't been released yet but based on rumored features, it may be better than Google's Nexus 7.
Too big to be considered a phone, but too small to be considered a tablet, the Galaxy Note 2 has been given the nickname "phablet" and its rumored features explain why.
The Galaxy Note 2 is expected to have a 5.5-inch Super AMOLED HD Display, a pixel resolution that might go as high as 1600x900, a 13-megapixel auto-focus camera with LED flash, 1080p video, 1.5GB RAM, 1.5GHz Exynos four quad processor, microSD expansion, and the option of 16GB or 32GB internal storage.
The Google Nexus 7, which is expected to sell 3-5 million units in the fourth quarter, comes in with a 7-inch HD display with 1200x800 pixel resolution, a 1.2 megapixel front-facing camera, powered by a quad-core Tegra 3 processor with 1GB RAM, and runs on the Android's latest Jelly Bean.
The Jelly Bean is the distinct advantage for the Nexus 7. It is unknown if the Galaxy Note 2 will run on the Jelly Bean or the Ice Cream Sandwich, but all signs point to the latter. Samsung will most likely issue an upgrade package with the Jelly Bean a month after the Galaxy Note 2 is released.
On the other hand, the Galaxy Note 2 offers phone calls and is likely to offer the 4G LTE support, while the Nexus 7 only offers Bluetooth and WiFi.
The camera options in the Galaxy Note 2 is far stronger as mentioned earlier, with the 13-megapixel going against Nexus 7's 1.2 megapixel camera. Galaxy Note 2's videos captures in 1080p compared to Nexus 7's 720p.
If cost is one of your main concerns, then the Nexus 7 is your choice. The price for the Galaxy Note 2 is unknown but based on the original Galaxy Note, it was sold for $300 with a two-year contract, that's $100 more than the Nexus 7.
The Galaxy Note 2 is expected to internationally launch on Aug. 29.