The Acer ICONIA TAB A500 is a 10.1-inch (800 x 280) Google Android Honeycomb tablet with a dual core 1GHz ARM Cortex-A9 proccessor, ULP GeForce GPU on a Tegra 2 T20 chipset. Priced at 21,900 for the WiFi only 16GB model, it is not very interesting as against the Php23,900 Apple iPad 2. The price difference of 2K probably wont be enough to swing to many buyers.
Note: Some shops like PCCorner have the 16GB version price much lower at Php19,500 making it 4.4K cheaper than the entry level iPad 2.
The Acer ICONIA TAB A500 does have move interesting storage options, with a MicroSD card slot which will allow you to expand storage to 48GB and a full sized USB 2.0 port for Flash Drives.
Moving up the line, to the WiFi only 32GB ICONIA TAB A500, the price gets more interesting. At Php23,900 it is a lot cheaper than the 32GB WiFi only Apple iPad 2 priced at Php28,990. That is now all of 6K less, and you can expand storage to 64GB with the MicroSD card slow, plus you still have the full sized USB 2.0 port.
But Acer has just released its most interesting offering, the ICONIA TAB A501, with 32GB of internal storage plus WiFi and 3G connectivity. At Php28,900 ICONIA TAB A501 is cheaper than the cheapest 3G version of the iPad 2 (16GB) which is at 30,990. The 32GB 3G iPad 2 comes in at Php35,990, which is all of 7K more.