I'll have to wait to see actual reviews of it, but on the surface it looks like they've addressed all but one of the major deficiencies of its predecessor. A very respectable feature set, at this price point.
The last point which needs to be resolved: production volume! At one lakh (100,000) units, that's enough to put tablets into the hands of less than .01% of India's population. Hardly a game-changer. The Indian electronics industry won't truly be mature until it starts thinking in multiples of crore (10,000,000).