Amazon's next-generation Kindle Fire tablets have been filling the rumor columns for quite some time but now it looks like their launch is imminent as Amazon has just slashed the price of the Kindle Fire HD down to US $159.

Amazon is clearly trying to clear out inventory and although it has noted that the current price cut for the Kindle Fire HD is a limited time offer, we are quite confident that limited time means until they get rid of stock. In case you missed it earlier, the Kindle Fire HD was priced at US $199 for the 16GB version and US $229 for the 32GB version. The price of the Kindle Fire HD 32GB has been also slashed down to US $189.

In case you missed earlier rumors, Amazon is expected to launch the new 7-inch Kindle Fire HD tablet that will feature 1920x1200 screen and be based on Qualcomm's Snapdragon 800 SoC paired up with 2GB of RAM. It will also feature a front camera, WiFi, 16, 32 and 64GB storage options and most likely be based on Android 4.2.2 Jelly Bean OS.

In addition to the 7-inch Kindle Fire HD, Amazon is also expected to launch a new entry-level Kindle Fire tablet that will also get a higher-resolution display as well as the larger 8.9-inch Kindle Fire HD model with 2560x1600 screen and same Qualcomm Snapdragon 800 SoC.

In any case, it looks like we are drawing closer to the launch. You can check out at AllthingsD.com.