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Samsung will be launching an IPad alike Tablet, Galaxy Tab. This new device seems to be the "upgrade" version of their previously announced S-Pad, which is a 7-inch tablet with keypads.
According to a South Korean newspaper, the Galaxy Tab is only one of three touchscreen tablet devices that Samsung had in plan. The 7-inch model is likely to be out in August, 8-inch and 10-inch varieties are rumored to appear in November and December respectively.
Similar to it's smaller "cousin" 4-inch Galaxy S Android Handphone, Galaxy Tab runs on Android with Samsung's TouchWiz UI.
Lets see how attractive their pricing against Apple IPad when they are out later this year.