Acer is reportedly planning to release a 15-inch ultrabook with a rather tempting $699 price tag.

According to Digitimes, Pegatron has been tapped to produce the oversized ultrabook, but details are sketchy and it is unclear when it will enter production. The rumoured $699 price seems to indicate that it won’t come anytime soon, as Intel hopes to hit the $699 mark by mid 2012.

Mind you, Acer is probably not the only vendor to be working on a 15-inch ultrathin. In fact, Apple has been the darling of the rumour mill for a couple of months now and it is supposedly working on a 15-inch MacBook Air variant.

More here.