There was rampant speculation about Microsoft’s secretive announcement all day today, but the most logical reveal was the actual one: a tablet. Inaccurate rumors had pegged it as possibly being Xbox related. Instead, Microsoft has re-branded the Surface name as part of a new series of tablets.

Surface will come in two flavors, Windows RT and Windows 8 Pro. The key difference? Only the latter will be able to run full-featured Windows 8. The Windows RT version is much more iPad-esque, locked into Microsoft’s new application ecosystem.

Microsoft appears to be positioning its tablet line as a more capable version of the iPad, especially since its Smart Cover equivalent has a keyboard on the other side. There’s even a version with tactile keys, if that’s your thing.

Complete specs on Surface are as follows:

The presentation was short on software demos, but 17-Bit, formerly Haunted Temple Studios, did reveal Skulls of the Shogun would be one of the premiere games compatible with Surface. It will also be on PC and Xbox Live Arcade.

The company could have knocked it out of the park with details on pricing and availability, but instead chose to punt that information down the line. Surface will be “priced to compete,” a statement that implies there are actually devices released that are, uh, not intended to be priced to compete.