Could this be the budget Google Nexus tablet in question? It's hard to say. The benchmark shows a 1 GHz processor (number of cores unknown) and generation-old Mali 400 graphics, which would both be a step below the Tegra 3 quad-core chip inside the Nexus 7.
Technical specifications points to the device featuring a VIA WMV8950 processor, 1 GB of RAM and a microSD card, which is a component Google's Nexus 7 lacks
Unsurprisingly, the specs aren't going to challenge the iPad mini. The 7-inch screen is said to have a 1,024x552-pixel resolution, according to GLBenchmark, and the processor will be somewhere between 600MHz and 1,008MHz. It does seem to be running Android 4.1.1 Jelly Bean though, so impressive features like Google's advanced voice search and Google Now will be at your fingertips. Or lips, depending on which you're using.GLBenchmark page for ME-172V has been removed, and the search function does not work, so this should be the real deal.
Let us keep our fingers crossed and may this rumor comes true. The world can still take another cheap good tablet PC.