Verizon LTE-powered Galaxy Tab 7.7 due March 1

The newest version of Samsung’s formidable Android tablet brand will be hitting stores on March 1.

The Galaxy Tab 7.7 is notable because it appeals to a market that doesn’t quite want a full-powered 10-inch tablet like an iPad, but wants something more than the low-end 7-inch tablets like the Amazon Kindle Fire.

It’s also noteworthy because it’s compatible with Verizon’s super fast 4G LTE network. The inclusion of LTE is one of most distinguishing factors that place it ahead of the iPad, which is still stuck in 3G world.

The Galaxy Tab 7.7, which operated on Android 3.2 Honeycomb, will be priced at $500 for customers who sign up for a two-year LTE contract.

It has a Super AMOLED Plus display, comes with a 3.2-megapixel rear camera and a 2-megapixel front camera, and 16 GB of onboard storage. It also offers HD playback with full 1080p resolution.

The tablet is, interestingly, being marketed as a home entertainment device rather than an all-purpose multitasking device. Samsung is highlighting the fact that it can be used as a universal remote control.

“Customers can make their Tab 7.7 the master controller to find and watch their favorite TV shows, create a favorites list, set program reminders and more. Customers also have the ability to stream media to their compatible TV using the HDMI Multimedia Dock with a built-in HDMI port or the HDTV Adapter (sold separately),” Samsung wrote in a statement.