Following a recent resurgence of rumours surrounding Apple’s touchscreen tablet Mac project, AppleInsider has stepped in once again with what the rumour site believes to be hard facts.

AppleInsider who refers to the project as a “tablet device” never mentioning the word netbook in its report describes it as a “10-inch, 3G-enabled tablet, akin to a jumbo iPod touch”.

AppleInsider first broke the news that Apple may be attempting to reinvent the Newton back in September 2007 and now claims that the tablet has been in the works since 2006, but only recently has satisfied the critical eye of CEO Steve Jobs. The tablet is now said to be firmly on Apple’s 2010 product timeline with an aim for a first quarter release.

AppleInsider suspects the tablet will be priced somewhere between the high-end iPhone and the MacBook and offers an artists rendition of the tablet.

Concurring with recent rumours AppleInsider writes that Apple is using it’s acquisition of chip designer and fabricator P.A. Semi to build its own ARM-based processor for use in the tablet.