Kai-fu Lee, ex-president of Google China, is known for being well-connected with Apple manufacturing partner Foxconn, and lately he's been blogging about the Apple Table. Apparently it looks like a big iPhone with a webcam and an incredible user interface.
According to Gadget Mix's translation of Lee's microblog:
The Apple Tablet looks like a bigger iPhone that sports an awesome UI packed in a beautiful 10.1-inch screen. The tablet combines the functions of both netbook and kindle, an ebook reader. It has virtual keyboard for text entry and a webcam for video conferencing
This information confirms what we've heard so far and Lee's connections make him rather believable. So the fact that he adds that Apple will be making 10 million units of this tablet in the first year indicates high expectations for the launch, whenever it may come. [Kai-Fu Lee via Gadget Mix via Engadget]