The Jesus Tablet Will Walk on Water and Turn Fishes Into Money

BoomTown is certainly going to be one of the many-so-many who immediately fork over whatever it takes to get my mitts on the upcoming tablet device from Apple.

And that’s why, according to a new report from Piper Jaffray Senior Research Analyst Gene Munster–who is monk-like in his devotion to writing down every scrap of information he can scrape up about whatever Apple HQ in Cupertino, Calif., deigns to release–it’s going to be raining money down on the company, just like manna from heaven.

That would be $1.2 billion in revenue in calendar year 2010, after he estimated that Apple (AAPL) will sell two million units at a price of $600.

“While at first glance this may appear to address a niche market, we believe the addressable market is larger than that of the Apple TV, of which Apple sold about 1.2m in its first year,” wrote Munster.

He apparently spoke to some leaky Asian component suppliers, who have received orders from Apple, to be “fulfilled by late CY09.”

Munster, who also provided the mock-up image of the Jesus Tablet seen above (it will take its place next to the Jesus Phone and Jesus Pod), wrote that the device was pretty much a larger iPod touch.

It will run all the usual apps and have some extra ones, specially designed for the big screen, he predicted.

It will also be Web-connected and, of course, is a touchscreen and play all kinds of media, like music, games and video.

But don’t call it a netbook!

“We believe an Apple tablet would be priced 30%-50% below the $999 MacBook, and would offer best in class web, email, and media software,” wrote Munster. “In other words, we believe Apple’s tablet would compete well in the netbook category even though it would not be a netbook.”

Also, there will be a 3G modem–personally, we all pray Apple picks Verizon (VZ) and not AT&T (T) to be the mobile provider–with a possible subsidy on the sale of the device.

The hype around the new and doubtlessly innovative Apple product–my vote for a name is that it will be called iTablet–is likely to grow into the fall, especially if it is introduced by the miraculously on-the-mend CEO Steve Jobs.

Apple fanboys: Can you say Hallelujah?