The Dell Streak, the company’s 5-inch tablet device, is launching on August 12 with a new price: $299.99 with a two-year AT&T contract, and $549.99 for an unlocked edition.

Dell is trying to get a piece of the rapidly growing tablet market with its smaller offering and lower price. The Streak’s $300 price tag is 40 percent less than the entry-level Apple iPad and less than half the price of an iPad 3G. However, because the device can also make phone calls, it competes with the Droid X, HTC Evo, the Samsung Galaxy S, and the iPhone 4.

Dell’s newest mobile device runs Google’s Android OS and includes front and back facing cameras, Wi-Fi and 3G capabilities, and a 1 GHz Qualcomm Snapdragon processor — the same one that powers the Nexus One phone. It was first announced at the Consumer Electronics Show (CES) in January.

The Dell Streak’s $300 price seems fitting to us. It’s larger and more advanced than most smartphones, which often retail for $200 with a two-year contract. However, it’s smaller than an iPad, which start at $499.00 for the 16GB model and $629.00 for the 3G version.

You only get that $300 price though if you buy the device with a full data and voice plan from AT&T, though. If you chose that option, you’d almost certainly want to make it your primary phone. Then the question becomes: would you rather have an a Dell Streak or a smartphone like the iPhone 4? You can always buy it without the plan, but then it costs $549.99, making it more expensive than the a 16GB iPad.

Are you interested in the Dell Streak? Do you think the price is right? Let us know in the comments?
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